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Ask Terry L. Your Own Question
Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2654
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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I had the option of receiving my equity either in lump sum,

Customer Question

I had the option of receiving my equity either in lump sum, m,onthly payments or line of credit. I chose line of credit.
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Brent Blanchard replied 7 years ago.
Equity from the sale of a house which brought a price higher than the existing loan(s) secured by that property?

Please clarify the question.

Thank you.
Customer: replied 7 years ago.
This was part of another question which has been answered. The question was with a reverse mortgage , the proceeds being in a line of credit, can a bankruptcy ct attached these funds. Thanks for your time. The answer I received is that it cannot be attached.