Can I Keep My House

When thinking about 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 might still be able to keep the house so long as you can keep paying the mortgage and other bills such as council rates and insurances.

Obviously, there are lots of other aspects associated with keeping your home, the rules do differ slightly in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Coffs Harbour give you the appropriate guidance you need.