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

Everything 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 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.

Obviously, there are a lot of other aspects related to keeping your home, the rules do vary slightly in WA, so call 1300 795 575 and let us here at Bankruptcy Experts Joondalup provide you the appropriate advice you need.