Hi all,
A close relative recently passed away and thank goodness it was after the 180 period in which I filed for bk. She had very little though, so I have won no lottery.
Here's the situation: the only thing she has of value besides the contents of her house is the equity in the house itself. She does owe a substantial amount of credit card debt that she stopped making payments on approximately 5-6 years ago. Very few of the companies went after her except for calls but she does have 2 judgments against her, I think....
Since this is unsecured debt is this equity in the house protected from the unsecured debt/credit card companies or will it have to be paid?
There are NO liens on the house, though she did/does have a couple of judgments against her....she was smart enough not to attach her house to any of the credit card debts but I didn't know if it didn't matter....
Thanks as always,
bobbyquefour
A close relative recently passed away and thank goodness it was after the 180 period in which I filed for bk. She had very little though, so I have won no lottery.
Here's the situation: the only thing she has of value besides the contents of her house is the equity in the house itself. She does owe a substantial amount of credit card debt that she stopped making payments on approximately 5-6 years ago. Very few of the companies went after her except for calls but she does have 2 judgments against her, I think....
Since this is unsecured debt is this equity in the house protected from the unsecured debt/credit card companies or will it have to be paid?
There are NO liens on the house, though she did/does have a couple of judgments against her....she was smart enough not to attach her house to any of the credit card debts but I didn't know if it didn't matter....
Thanks as always,
bobbyquefour
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