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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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I am a senior citizen (over 65) and may be forced to declair

Resolved Question:

I am a senior citizen (over 65) and may be forced to declair bankruptcy. Some time ago, I did a reverse mortgage and had the equity placed in a line of credit that I can acess anytime and not have to repay. Question, I live in fla and need to know whether the bankruptcy ct can attach this money.
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.

Thank you for your question.

The equity line of credit cannot be accessed by the trustee in a bankruptcy
Ellen and other Bankruptcy Law Specialists are ready to help you
Customer: replied 7 years ago.
Thankyou very much
Expert:  Ellen replied 7 years ago.
Thank you and happy new year