Can I Keep My House

When considering bankruptcy, one of the first things people think about is the possibility of losing the family house. Where will you live if you do not have the house anymore? The truth is, in many cases in New South Wales, you can keep your family home.

It all comes down to the equity you have in the house, or rather, just how much your home 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 house, the rules do differ a little in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Tweed Coast provide you the appropriate guidance you need.