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 don’t have the home anymore? The reality is, in most cases in Queensland, you can keep your family home.

Everything boils down to the equity you have in the house, or rather, just how much your home 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.

Obviously, there are plenty of other aspects associated with keeping your home, the rules do differ a little in Qld, so call 1300 795 575 and let us here at Bankruptcy Cassowary Coast give you the appropriate advice you need.