Retrieving "Credit Card Balances" from the archives

Cross-reference notes under review

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1. Debt

   Linked via "credit card balances"

   Unsecured Debt
   This debt lacks specific collateral. Creditors rely solely on the debtor's general creditworthiness and promise to repay. Examples include most credit card balances and unsecured corporate bonds. The priority of repayment for unsecured creditors in bankruptcy proceedings is generally subordinate to [secured creditors](/entries/secured-cred…