Secured Debt:

A secured debt is a debt that is backed by collateral (i.e. property). Typically, things like a car or a house are collateral to a secured loan. For example, when people obtain a loan to buy a car, they give the lender a "security interest" in the car. Such a loan would be a "secured debt" because the lender could take the car if the borrower failed to make the loan payments.

Unsecured Debt:

A debt is unsecured if you have simply promised to pay someone a sum of money at a particular time, and you have not pledged any real or personal property as collateral for that debt. Typically things like medical bills, utility bills, and credit card bills are unsecured debts.

Priority Debt:

A priority debt is a debt entitled to be paid ahead of most other debts in a bankruptcy case. The Bankruptcy Code defines what debts are entitled to priority. Some examples of priority debts are: claims for domestic support obligations, some taxes, and wage claims of employees.

If you have questions deciding which of your debts are entitled to priority status, you should consult an attorney.

Administrative Debt:

An administrative debt is a type of priority debt created when someone provides goods or services to the bankruptcy estate during the case. Attorney fees, trustee fees, and other authorized professional fees are examples of administrative debt.

If you have questions about the nature of a debt, you should consult an attorney