Can I Keep My House

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 home anymore? The truth is, in most cases in New South Wales, you can keep your family house.

Everything boils down to the equity you have in the home, 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 house so long as you can keep paying the mortgage and other costs such as council rates and insurances.

Obviously, there are lots of other aspects related to keeping your home, the rules do differ a little in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Taree give you the appropriate advice you need.

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