Q&A: What happens with home equity loans or lines of credit if you file for bankruptcy?

Question by Clinton W: What occurs with house equity financing or lines of credit in the event you file for bankruptcy?

Would these debts be “forgiven” additionally plus when thus, does this affect home that was employed with achieve the loan?

Best answer:

Answer by S P
With the new regulations inside bankruptcy, any loan, or debt we owe has with be included in almost any bankruptcy filing. I’m presuming from a ? that’s what you may be asking. Bankruptcy additionally depends about median money, debts, plus passing a signifies test for a section 7…..if we don’t qualify….chapter 13….not much information inside the ?……Great Luck!

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