Posted on: 16th Sep, 2010 02:04 pm
Hi, I would like to know if chapter 7 can wipe out 2nd line of credit in my house.
thank you
thank you
hi sofia!
welcome to forums!
chapter 7 bankruptcy filing will not help you in wiping off the second mortgage loan in full. if you go for chapter 13 bankruptcy and don't have equity in your property, then you can strip off your second loan. to know more on this regard, check out the given page:
http://www.mortgagefit.com/bankruptcy/chapter13-lienstripping.html
feel free to ask if you've further queries.
sussane
welcome to forums!
chapter 7 bankruptcy filing will not help you in wiping off the second mortgage loan in full. if you go for chapter 13 bankruptcy and don't have equity in your property, then you can strip off your second loan. to know more on this regard, check out the given page:
http://www.mortgagefit.com/bankruptcy/chapter13-lienstripping.html
feel free to ask if you've further queries.
sussane