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

It all boils down to the equity you have in the house, or rather, how much your home 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 associated with keeping your house, the rules do vary slightly in NSW, so call 1300 795 575 and let us here at Bankruptcy Experts Gosford give you the appropriate advice you need.

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