Removing a 2nd Loan or HELOC from Your Home Loan with a Bankruptcy - Bankruptcy Law Professionals
Under a Chapter 13 bankruptcy filing, if a debtor has more than one (1) mortgage on the home (or a 1st and 2nd loan), we may be able to discharge the second mortgage (or home equity line of credit) if the home is the primary residence and the first mortgage balance equals or exceeds the appraised value of the personal residence.