Can I Keep My House

When thinking about bankruptcy, one of the first things people contemplate is the possibility of losing the family house. Where will you live if you don’t have the house anymore? The reality is, in most cases in Queensland, you can keep your family home.

It all boils down to the equity you have in the home, or rather, 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 house so long as you can keep paying the mortgage and other bills such as council rates and insurances.

Obviously, there are lots of other aspects related to keeping your house, the rules do vary slightly in Qld, so call 1300 795 575 and let us here at Bankruptcy Experts Mackay provide you the appropriate guidance you need.