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 reality is, in many cases in Queensland, you can keep your family house.

Everything boils down to the equity you have in the house, or rather, just how much your house is worth above the mortgage amount. If you have little to no equity in the home, you might 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 lots of other aspects related to keeping your house, the rules do differ a little in Qld, so call 1300 795 575 and let us here at Bankruptcy Experts Gladstone give you the appropriate guidance you need.