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Can you file bankruptcy on a home equity loan and credit cards?


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Answered 2006-10-20 20:54:53

Yes.

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Related Questions

If your home has equity and you file bankruptcy on the credit cards do they go after your home?

Generally you have to list your home as an asset. But there are different kinds of bankruptcy, and if things work out, your home ownership could be protected. See a bankruptcy lawyer!!


Can you file for bankruptcy if your credit cards have gone into collections?

Yes.


Can you file bankruptcy on credit cards that are not in your name but you are responsible for?

check Federal Bankruptcy act 801.3


If you are planning to file bankruptcy can you stop making payments on your credit cards?

no


You have a zales credit card it is a jewelry credit card can you file bankruptcy on this card along with your other credit cards?

Yes


How much equity can you have if you file bankruptcy?

When you file for bankruptcy, you generally have less equity than you owe. You can have a million dollars and file because you owe two million.


If I file bankruptcy on my credit cards only how much does it effect my credit?

You probably won't be able to get credit for the next seven years.


If you have a credit line with a casino and it is in good standing what happens to it when you file bankruptcy?

Typically, that line of credit, which was most likely based on your assets and equity, disappears.


If you file bankruptcy but still have some credit cards with a zero balance on them will you still be able to keep them or will they automatically be closed?

If you have credit accounts in good standing then do not include them in your bankruptcy.


Do you have to get credit counseling before you can file for bankruptcy?

You do not have to necessarily get credit counseling before you can file for bankruptcy.


You are 82 years old your house and car are paid for older home and 2001 car but you have a lot of credit card debt Can you file for bankruptcy just for your credit cards?

You file bankruptcy on all debts you owe. If you only owe money on credit cards you can file on them. Otherwise, if you owe money to a doctor, hospital, bank or other place you have to list them.


Can you file for chapter 7 bankruptcy if you have equity in my home?

Sure.


How will your credit score be affected when the bankruptcy drops off?

That depends on, what's on your credit bureau file. The score will look at the age of your credit cards, balances and payment history


Can you keep one of your credit cards if you file chapter 13 bankruptcy?

Yes; however, the issuer is not required to continue to extent you credit (can close the account).


Can you file for bankruptcy with a repo on your credit?

The fact that you have a repossession on your credit report is not a determining factor of whether your can file for bankruptcy. Generally in bankruptcy you can remove the debts from the repossession of your vehicle.


Would it be better to let credit cards go into judgment or file bankruptcy?

Neither. Both of your stated options are bad.


If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?

The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.


If a credit card company sues you can you file bankruptcy?

Thier actions, or lack, do not effect your ability to file for bankruptcy.


If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?

You have to, it is a debt...it is just a secured debt...by the lien on the property.


Will we still be able to use our credit cards after we have file for bankruptcy because we co-signed for someone who failed to paid their bills?

Yes you can


Can you file bankruptcy and own your home?

This really depends on a number of facts that include the state that you live in, the amount of exemptions your state has for bankruptcy, whether your home has equity and whether you are current on the mortgage. It will also depend on what type of bankruptcy you are trying to file. In cases where there is no equity in your home and you are continuing to pay the home, you should be able to keep your home. If there is equity in your home then you need to look at what bankruptcy exemptions are available in your state to protect the equity in your home.


Are store cards and credit cards classed as the same thing on a credit file?

yes


Can you still file a Ch 13 bankruptcy when you are still current on your mortgage and car loans but way behind on credit cards?

Sure... a good time to do it.


Can you be current on your credit cards and file chapter 13?

Yes. But in California, you can not have more than ~$330,000 of unsecured debt if you are going to file for Chapter 13. Check your local bankruptcy rules to see if you qualify for chapter 13 bankruptcy based on your debt.


How do you finance out of Bankruptcy?

File for bankruptcy and then try and start over. Your credit will be messed up though.