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 do not have the home anymore? The reality is, in most cases in Victoria, you can keep your family home.

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

Obviously, 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 Melbourne offer you the appropriate guidance you need.