Can I claim my home equity line of credit when filing for bankruptcy?
I am filing for bankruptcy and have negative equity in my home.
By
oh well
Posted on
07/24/08 Total Answers
3
Answers-
sure if you are foreclosing on the home inside the bk.
Answer by :
golferwhoworks On Date
2008-07-24 13:55:32
Do you have a lawyer who is filing the bankruptcy? If so, ask him/her. That's why you're paying him/her. If you're filing on your own....get a lawyer who will handle this for you. Much much easier.
Answer by :
HuaracheKid On Date
2008-07-24 14:00:01
You are REQUIRED to report ALL debts when filing for bankruptcy. However, if you keep the house, you keep all debts secured by the house.
