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What happens with home equity loans or lines of credit if you file for bankruptcy?
Would these debts be "forgiven" also and if so, does this affect your house which was used to achieve the loan?
1 Answer
- S PLv 61 decade agoFavorite Answer
With the new laws in bankruptcy, any loan, or debt you owe has to be included in any bankruptcy filing. I'm assuming from your ? that's what you are asking. Bankruptcy also depends on median income, debts, and passing a means test for a chapter 7.....if you don't qualify....chapter 13....not much info in your ?......Good Luck!