When is a heloc dischargeable under bankruptcy?

Answer Determining what will or will not be discharged in a bankruptcy is part of the equation that leaves most people scratching their heads. Homeowners have turned to their property as a way to consolid... Read More »

Top Q&A For: When is a heloc dischargeable under bankruptcy

Is a HELOC dischargeable in bankruptcy?

According to, a Home Equity Line of Credit (HELOC) can be discharged when a person files for bankruptcy. Once a foreclosure occurs on a property, the HELOC becomes an unsecured debt and b... Read More »

When is a debt non-dischargeable in bankruptcy?

There are many types of debt which may not be dischargeable in bankruptcy. These include student loans, criminal fines, fraudulent purchases, alimony and child support, among others. Over the years... Read More »

What Is Dischargeable in a Bankruptcy?

Before deciding whether a Chapter 7 bankruptcy is the appropriate option for you, understanding what debts are dischargeable in that type of bankruptcy is crucial. Not all debts can be discharged t... Read More »

What Happens to a HELOC When a Couple Divorces?

The consummation of divorce can turn out to be quite challenging where there are real assets involved. If divorce is inevitable and there is property and debt to be divided in the marital estate, t... Read More »