Can I Keep My House

When considering bankruptcy, one of the first things people contemplate is the possibility of losing the family house. Where will you live if you do not have the home anymore? The reality is, in most 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 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 house 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 associated with keeping your home, the rules do differ a little in Qld, so call 1300 795 575 and let us here at Bankruptcy Experts Gold Coast offer you the appropriate advice you need.