This is actually a question for your attorney but here is a direction.
Ask your attorney if the home equity loan was included in your bankruptcy, did you complete all the payments you agreed to in the bankruptcy. I am guessing that if you filed for BK the bank probably did not let you use any unused portion of the line.
Look into refinancing your home equity line of credit they are usually not fixed and can go up as much as once every 30 days. Right now the projections for the prime rate is to increase as much as 1/2 to 3/4 to 7.25 by the end of this year.
If there is no equity in the home, then the lien is discharged in bankruptcy making it an insecured debt.
Second mortgages can be discharged only in a Chapter 13 and only if there is no equity in the real estate for the loan to attach to.
If a loan from a credit union has been discharged in bankruptcy court, that credit union cannot collect and must write the loan off.
Only if the bankruptcy is currently discharged.
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.
If you have equity, you can get an equity loan
Whether your car loan is discharged by a bankruptcy or not will depend on your state and the equity in your car. Whether the loan will be discharged or not is called an "exemption".
Yes.
Second mortgages can be discharged only in a Chapter 13 and only if there is no equity in the real estate for the loan to attach to.
If a loan from a credit union has been discharged in bankruptcy court, that credit union cannot collect and must write the loan off.
Information on home equity loan bankruptcy can be found on several websites. BankruptcyHQ, FrugalFruitLand, and HomeEquityAdvisor are all websites that provide information on that topic. Information can also usually be obtained through a free initial consultation with lawyers who specialize in bankruptcy.
Only if the bankruptcy is currently discharged.
No, only unsecured debt is discharged.
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.
There is no reason to repay a loan after a discharged bankruptcy, if you have done so, you can reclaim all your money from the creditor (you'll have to go through court).
True, home equity loan.
Discharged for 5 yrs? Alot of companies will do an equity loan after chp. 7 has been discharged, check with a mortgage broker they have alot of diff. lenders to work with and should know who has the best rates for your situation.
If you have equity, you can get an equity loan