Can I Keep My House

Can I Keep My house
When thinking about bankruptcy, one of the first things people contemplate is the possibility of losing the family home. Where will you live if you do not have the home anymore? The reality is, in most cases in New South Wales, you can keep your family home.

It all boils 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 related to keeping your home, the rules do differ a little in NSW, so call 1300 795 575 and let us here at Bankruptcy Northern Rivers give you the appropriate advice you need.

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