• Question
  • Bankruptcy

    Asked by someone from Port Saint Joe, FL on 8/6/2014

    Years after taking out reverse mortgage is it possible to file bankruptcy

  • Categories: Bankruptcy, Retirement Planning


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  • Yes. While you're in bankruptcy, if you're receiving monthly checks, they'll stop, and if you have a Credit Line, you'll lose access to it. Your monthly statements will also stop, unless your Bankruptcy Attorney requests a copy of them.

  • Login to rate this answer:   Answered on 8/8/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.