March 7th, 2006 by Questions
can i claim bankruptcy with a line of credit
March 09, 2006 at 10:31 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:
Yes, a line of credit (as long as you havenâ€™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.
Log in to Reply
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.)
You must be logged in to post a comment.