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 do not have the house anymore? The truth is, in most cases in New South Wales, you can keep your family house.

Everything comes down to the equity you have in the home, or rather, just 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 costs such as council rates and insurances.

Of course, there are lots of other aspects related to keeping your house, the rules do differ slightly in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Port Stephens give you the appropriate guidance you need.