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It is unfortunate that stress carries a negative connotation as though it were something to be avoided.
Unsecured Credit Card Debts
Debts from credit cards that do not require collateral, where lenders rely on the borrower's creditworthiness for repayment.
Priority Claims
Debts that are given special status and are paid before other debts in a bankruptcy proceeding.
Subordination Agreements
Legal documents that alter the priority of financial claims, making one party's claim rank behind another's in the event of a bankruptcy or liquidation.
Pro Rata
A Latin term that means "in proportion," often used to describe a method of allocating amounts or shares among participants according to their entitlement or contribution.
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