An artist's impression of a black hole and its accretion disc,
which
occurs when large amounts of superheated gas and dust
are torn off a companion
star (or left nearby the black hole after the star from whence
it came perished),
and rotates around the black hole at very fast velocities.
(http://physics.syr.edu/courses/PHY312.98Spring/projects/jebornak/html/finding.html)
This is the primary way that black holes are formed.
http://starchild.gsfc.nasa.gov/docs/StarChild/shadow/universe_level2/black_holes.html