We talk a lot about secured and unsecured debt in bankruptcy. Unsecured debts are debts that do not have property attached to them, and thus cannot be garnished by a creditor (unless through specific court orders).
While it seems like all debt should just be considered “debt,” it’s actually not considered that way in bankruptcy. Below we discuss unsecured and secured debt.
One of the first things that will need to be established when you file for bankruptcy is your secured debt and your unsecured debt.