Can I Keep My House

Can I Keep My house
When thinking about 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 house anymore? The truth is, in many cases in the ACT, you can keep your family home.

It all boils 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 house, you may 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 lots of other aspects related to keeping your house, the rules do differ a little in the Australian Capital Territory, so call 1300 795 575 and let us here at Bankruptcy Experts Canberra give you the appropriate advice you need.

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