line of credit and personal bankruptcy

March 7th, 2006 by Questions

can i claim bankruptcy with a line of credit


One Response to “line of credit and personal bankruptcy”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

Yes, a line of credit (as long as you haven’t pledged any security against it) is considered an unsecured debt that can be compromised in a bankruptcy or proposal.

For more information contact a licensed trustee in your area.

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