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Schedule D is part of a series of documents a debtor files with the bankruptcy court. It is formally called "Official Bankruptcy Form 106D" or "Schedule D - Creditors Who Have Claims Secured by Property." Unlike unsecured debts like medical bills or credit cards, secured debts have collateral like cars and houses.
Unsecured Creditors, like credit card issuers, suppliers, and some cash advance companies (although this is changing), do not hold a lien on its debtor's property to assure payment of the debt if there is a default. The secured creditor holds priority on debt collection from the property on which it holds a lien.
Some of the most common types of unsecured creditors include credit card companies, utilities, landlords, hospitals and doctor's offices, and lenders that issue personal or student loans (though education loans carry a special exception that prevents them from being discharged). Unsecured Creditor Defined, Types, vs. Secured Creditor - Investopedia investopedia.com ? terms ? unsecuredcreditor investopedia.com ? terms ? unsecuredcreditor
A creditor can ask the court to attach the debtor's bank account or real estate to satisfy judgment on an unsecured debt. This can be done with or without notice to the debtor. Collecting Secured and Unsecured Debts as a Creditor sederlaw.com ? collecting-secured-and-unsecured-... sederlaw.com ? collecting-secured-and-unsecured-...