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

It all comes down to the equity you have in the house, or rather, just 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 house so long as you can keep paying the mortgage and other costs such as council rates and insurances.

Obviously, there are a lot of other aspects associated with keeping your house, the rules do differ a little in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Lismore give you the appropriate guidance you need.

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