Can I Keep My House

When considering 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 house anymore? The reality is, in most cases in WA, you can keep your family house.

It all boils 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 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 a lot of other aspects related to keeping your home, the rules do vary slightly in Western Australia, so call 1300 795 575 and let us here at Bankruptcy Joondalup provide you the appropriate advice you need.