Equity Line of Credit Question?

[kar]

We just got our discharged and our case was closed recently. Our current lender for our equity line who also holds our first mortgage mentioned to us that we can no longer use our equity line to draw from even though we have an excellent payment history (never been late) with them due to our bankruptcy. We only wanted access to our equity line in the event of emergencies. Our bankruptcy petition stated that we would continue to make payments and to retain the collateral (home) for both mortgages. They said we could refinance both mortgages through there sister company that does sub-prime lending. So now we are paying on an equity line we can not use. Does any one know of any lenders that will just refinance only a equity line and not both mortgages?

[HHM]

If you have a good rate on your equity line, I wouldn't bother with a refi, you will just be throwing money away trying to refinance post BK. And especially don't refi if the only thing you want is to have access to some money in the event of an emergency...again, you would be throwing money on fees and high interest.

Just save a little extra money each month to "start" an emergency fund. DO NOT RELY ON CREDIT FOR EMERGENCIES. Or go get a sub prime credit card or secured credit card.