"If you have a mortgage you are an unsecured creditor and they can demand instant payment or you forfeit."
How can a debtor to a bank that has mortgaged his/her property, that is, that has given his/her property as a security, be an unsecured creditor?
In order to be an unsecured creditor, you must have:
1) lent money to the bank, normally through the purchase of bonds issued by it, and
2) done so without securing your loan by having a claim over specific assets.
Furthermore, if a bank goes into liquidation, then in the worst possible scenario you would only be losing the money that you lent.
Note. We are not talking about deposit contracts, but about having unsecured bonds issued by a bank.
Only a debtor, not a creditor, can be served with a demand to pay.
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