Cape Coral, FL asked in Real Estate Law for Florida

Q: i went through a bankrupcy and my home equity line of credit was discharged. do they still have a lien on my property ?

If I stop paying on the line of credit because its been discharged, can the keep accruing interest and late charges

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1 Lawyer Answer
Richard Paul Zaretsky
Richard Paul Zaretsky
  • West Palm Beach, FL
  • Licensed in Florida

A: It depends on they type of bankruptcy you went through and what the plan included. If it was a Chapter 7, then the liability to you was discharged but the lien remains on the property. If you don't pay, there will be a foreclosure. The difference is if the judgment is greater than the sale at foreclosure of the property, you will not be liable for the deficiency.

Terrence H Thorgaard agrees with this answer

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