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 home anymore? The truth is, in many cases in New South Wales, you can keep your family house.

Everything comes down to the equity you have in the home, or rather, how much your house is worth above the mortgage amount. If you have little to no equity in the house, 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.

Of course, there are plenty of other aspects related to keeping your house, the rules do vary a little in NSW, so call 1300 795 575 and let us here at Bankruptcy Advice Sydney offer you the appropriate advice you need.