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2/21/09, 11:09 am

Legal Question

2nd line of credit

My wife and I are filing chapter 7,

keeping our house. 1st and 2nd

mortgage is more than its value. Will

the 2nd be discharged because of value

vs. debt.

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Re: 2nd line of credit While the personal liability will be discharged, the lien survives. You may want to see if you ar...

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Answered By:

Charles Shamash

Re: 2nd line of credit While the personal liability will be discharged, the lien survives. You may want to see if you ar...

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Answered By:

Charles Shamash

Re: 2nd line of credit Removing a second mortgage is only possible in a Chapter 13 bankruptcy. The value of your home m...

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Answered By:

Carl Starrett

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