Sylvia is really struggling with her finances. She is getting further and further behind on payments to all her creditors. Sylvia is determined, however, that she will not file bankruptcy. Some of Sylvia's creditors get together to discuss what
they can do to force Sylvia to file bankruptcy so they can at least recover some of the funds owed to them. Sylvia owes
money to eight different creditors. Sylvia's creditors can force her into an involuntary bankruptcy:

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

What’s the question exactly? i’d love to ! : )

E? pretty sure let me know the answer