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 don’t have the home anymore? The reality 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 house, 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 house, the rules do vary slightly in NSW, so call 1300 795 575 and let us here at Bankruptcy Port Stephens offer you the appropriate advice you need.