For example The unsecured creditor had little involvement during insolvency compared to secured or preferential creditors. Show source/s Plain English Campaign Give feedback This page was not useful This page was useful Thank you for your feedback. If you have another few minutes please take the time to tell us about our new Dictionary service. Thank you for your answer, if you can tell us more that would really help Update
Preferential creditor A creditor who has to be paid in full before unsecured creditors can be paid anything.