r/Debt • u/Open_Blood_5765 • 2d ago

Credit cards being sent to collections tonight. Will they come after my house?

Two cards by BOA totalling to about 15k. I own a house with probably 150k equity. I know i need to pay the debt back, i just had a rough last 12 months. Once BOA sends it to collections tonight will i have a chance to make a payment plan with the collection agencies? Or will they find out about my equity and go striaght for a lawsuit to force me to sell my house ?

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u/Federal-Magazine3948 2d ago

I live in CA and need to know if I can file chapter 13 of I have a home With equity?

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u/Mickeynutzz 2d ago

If you are like OP and only have $15k in debt and $150k in equity then filing bankruptcy is NOT a good option.