October 18th, 2007 by Questions
can i file for bankruptcy on a line of credit fro the bank
One Response to “personal bankruptcy”
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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.