top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Chapter 7 and business loan

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Chapter 7 and business loan

    Hi, new to this site and have been reading the forums, just joined, and will be filing in a month or so. I own a small construction company which is broke. I will be filing Chapter 7 personally and on my business within 1 month. My attorney is out of town for 1 week and thought I would ask this question since he is gone. I have a business line of credit with the same bank I have my mortgage with. I do plan on keeping the house which has some equity , but not very much since the housing crisis. I personally signed on the business line, but wondered if i can list it on my bankruptc y, without them going after the house. If they come after the house, it will give me negative equity, and I might be better walking away from everything. Please give me some input, Thanks..

bottom Ad Widget

Collapse
Working...
X