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

Everything comes down to the equity you have in the home, or rather, 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 house 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 related to keeping your house, the rules do vary slightly in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Shellharbour provide you the appropriate advice you need.

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