Legal Question in Bankruptcy in Utah

Second mortgage/bankruptcy

If the second mortage was for credit card debt can it be included in the bankruptcy and not jepordize your home


Asked on 6/19/07, 1:50 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Second mortgage/bankruptcy

The second is secured by the equity in your home, it does not matter what the money was used for. Because the loan is secured, the lender has a lien against the home which will survive bankruptcy to the extent that the home has enough equity to pay the first and second mortgages in that order.

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Answered on 6/19/07, 7:07 pm


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