Can I Keep My House

When considering bankruptcy, one of the first things people think about is the possibility of losing the family home. Where will you live if you don’t have the home anymore? The truth is, in most cases in Australia, you can keep your family home.

It all comes down to the equity you have in the home, or rather, how much your house is worth above the mortgage amount. If you have little to no equity in the home, you may still be able to keep the home so long as you can keep paying the mortgage and other bills such as council rates and insurances.

Of course, there are plenty of other aspects associated with keeping your home, the rules do vary slightly in each state of Australia, so call 1300 795 575 and let us here at Bankruptcy Experts give you the appropriate advice you need.