How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask dylatess Your Own Question
dylatess, Attorney
Category: Bankruptcy Law
Satisfied Customers: 5142
Experience:  37 plus years of experience specializing in bankruptcy law
Type Your Bankruptcy Law Question Here...
dylatess is online now
A new question is answered every 9 seconds

I am going to file for a divorce and have a question regarding

This answer was rated:

I am going to file for a divorce and have a question regarding the home that both my husband, daughter and I share. I am on the home equity line of credit but not on the mortgage. My husband filed for bankruptcy and did not reafirm the 1st. Can I continue to pay on the second without my credit going bad if he stops paying the mortgage?
Hello and thank you for your question. For over 34 years I have answered questions just like yours. And I look forward to assisting you.

You can continue to pay on the equity line of credit. However, if no one pays on the first, the first will foreclose. And unless you have a lot of equity in the property, all the first cares about is getting paid. Likewise, the second will most likely not pay off the first resulting in the house being foreclosed. So your best advice is to keep the first and the second current if you want to save your home.
dylatess and other Bankruptcy Law Specialists are ready to help you