When you file Bky everything is included. Everything you own and owe. If you have secured property that you wish to keep and you are current you can do a Chapter 7 and a Reaffirmation Agreement, or surrender the property. If you are in arrears and wish to keep secured property, do a 13, and you can catch up via a Plan. ). If the Equity Line is totally unsecured (Regular Mortgage is greater than value of the property), then you maybe able to have it Stripped. Most attorneys provide a free initial consult and discuss these matters, along with the best chapter for you.
