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Does HELOC accrue interest after being discharge in Chapter 7?

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    Does HELOC accrue interest after being discharge in Chapter 7?

    Trying to settle the lein left on my HELOC. The HELOC itself was discharged in chapter 7 but the lein remains.

    When i sent first settlement offer...they sent back a form saying no with a balance much higher than i expected.

    So like my title says...is my HELOC still accuring interest?

    #2
    I would assume that the lien is for a set dollar amount (i.e. the original amount which you borrowed) and that when you filed for bankruptcy, the debt itself was discharged, but the lien remains. The lender cannot increase the amount of the lien just because interest would have continued to accrue, however they are also not obligated to settle for less than the lien amount either. How much was the loan originally for, and what is the total balance they are alleging now?

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