Liabilities

Liability is another word for debt, or money that you owe to a creditor. Examples of liabilities would include credit card debts, bank loans, payday loans, student loans, unpaid bills, tax debts. Almost all unsecured debts are discharged in a bankruptcy or proposal to creditors.

newsletter signup

Signup for our newsletter

Subscribe to our quarterly newsletter to get tools, tips & advice to help you rebuild your finances.

Please enter valid email

You can withdraw your consent at any time by using the unsubscribe button at the bottom of any Hoyes Michalos newsletter. We value your privacy.