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 home. Where will you live if you do not have the home anymore? The reality is, in many cases in NSW, you can keep your family home.

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 house, you may still be able to keep the home 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 associated with keeping your house, the rules do differ slightly in New South Wales, so call 1300 795 575 and let us here at Bankruptcy Newcastle offer you the appropriate guidance you need.

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