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What is the difference between unsecured priority and unsecured non-priority?
Reierme
Examples of unsecured priority debts are, child and/or spousal support, delinquent taxes, rent and utility arrears, any fines or restitution(s) that have been ordered by the court. Unsecured non-priority are, store cards, unsecured personal loans (unless held by a bank where the person has accounts), credit cards, and so forth.
Wiki User
∙ 18y ago
Wiki User
∙ 14y agoSecured debts take priority over unsecured debts in a bankruptcy proceeding.
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