personal bankruptcy

October 18th, 2007 by Questions

can i file for bankruptcy on a line of credit fro the bank

Questions

One Response to “personal bankruptcy”



October 19, 2007 at 9:02 am, A licensed trustee said:

Assuming the line of credit is not secured against something you own, it will be included in a bankruptcy filing.

Something to keep in mind: you can’t pick and choose which debts are included in a bankruptcy. If you file all of your debts must be listed and the bankrutpcy will deal with all of your unsecured debts.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)