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 home anymore? The reality is, in many cases in Queensland, you can keep your family home.

It all comes down to the equity you have in the home, or rather, just 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 bills such as council rates and insurances.

Of course, there are a lot of other aspects related to keeping your house, the rules do vary a little in Qld, so call 1300 795 575 and let us here at Bankruptcy Experts Hervey Bay provide you the appropriate guidance you need.