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 don’t have the house anymore? The reality is, in many cases in Victoria, you can keep your family house.

Everything comes 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 house, you may still be able to keep the home so long as you can keep paying the mortgage and other costs such as council rates and insurances.

Of course, there are a lot of other aspects associated with keeping your house, the rules do differ a little in Victoria, so call 1300 795 575 and let us here at Bankruptcy Experts Bendigo provide you the appropriate advice you need.