Debtor and Creditor Law refers to situations where one party (The Debtor) is unable to pay a monetary debt to another(The Creditor). Generally speaking there are two types of debt. Secured and Unsecured. Secured debt is an obligation backed by collateral to ensure that there are sufficient funds available to satisfy the debt in case of default. A prime example of a Secured debt, is the mortgage on your home. An Unsecured debt, by contrast, are those debts that are not backed by collateral. Examples of Unsecured debt are personal loans and past due credit card payments. At The Litigation Defense Group, Robert Puzio has represented hundreds of Businesses and individuals in either the successful collection of a Secured or Unsecured debt and has Defended the collection of loans and other financial obligations by fully understanding the laws associated with each type of debt.