Can I Keep My House

Can I Keep My house
When considering bankruptcy, one of the first things people think about is the possibility of losing the family house. Where will you live if you don’t have the home anymore? The reality is, in most cases in Victoria, you can keep your family house.

It all boils down to the equity you have in the home, or rather, how much your home is worth above the mortgage amount. If you have little to no equity in the home, you may 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.

Of course, there are lots of other aspects related to keeping your home, the rules do vary a little in Victoria, so call 1300 795 575 and let us here at Bankruptcy Experts Mildura provide you the appropriate guidance you need.

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