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Unsecured creditors: have rights to be paid amounts owed, but the rights may have to be enforced through the courts face significant risk, and accordingly

Unsecured creditors:

have rights to be paid amounts owed, but the rights may have to be enforced through the courts

face significant risk, and accordingly unsecured credit is very unusual

have no rights in the event that the debtor defaults

only have the recourse of severing business ties with the defaulting debtor

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