Can I Keep My House

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

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 house, you might 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 house, the rules do vary a little in each state of Australia, so call 1300 795 575 and let us here at Bankruptcy Experts Australia provide you the appropriate guidance you need.