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 many cases in New South Wales, you can keep your family house.

Everything comes down to the equity you have in the house, or rather, how much your house is worth above the mortgage amount. If you have little to no equity in the home, you may 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.

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