Can I Keep My House

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 don’t have the house anymore? The reality is, in most cases in New South Wales, you can keep your family home.

It all comes down to the equity you have in the home, or rather, just how much your house is worth above the mortgage amount. If you have little to no equity in the home, you might 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 associated with keeping your home, the rules do differ slightly in NSW, so call 1300 795 575 and let us here at Bankruptcy Wollongong offer you the appropriate guidance you need.

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PHONE: 1300 795 575