Credit card debt
Most unsecured nonpriority
debts will be associated with a credit card.
Exceptions to that generalization might be personal loans
from friends or family members or, in some cases, a property
settlement liability resulting from a divorce or a judgment
resulting from a lawsuit. Conversely, most credit card debts
will be unsecured. As mentioned elsewhere in this page, a
common exception to the latter is the Sears card. If you
examine closely the fine print on a Sears charge slip, you
will likely discover language which creates a secured
interest in that toaster, electric can opener, vacuum
cleaner, etc. that you just charged on your Sears card.
