Most consumers don't give much thought to the types of debt they have. They might realize that a mortgage is different from an auto loan, but the differences go beyond that. If you are about to declare chapter 7 bankruptcy, you will need to know and understand how your debt is divided. For bankruptcy purposes, your debts fall into two main categories – secured and unsecured. The way these debts are dealt with should concern you if you want to get the most out of bankruptcy without losing property, so read on to learn more.