Can I Keep My House

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

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 home, you might 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 associated with keeping your home, the rules do vary slightly in Qld, so call 1300 795 575 and let us here at Bankruptcy Brisbane offer you the appropriate guidance you need.