Will I lose my Home

 

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

Everything comes down to the equity you have in the house, or rather, how much your house is worth above the mortgaged amount. If you have little to no equity in the home, you may still have the ability to keep the house, so long as you can keep repaying the mortgage and other expenses such as council rates, etc.

Of course, there are plenty of elements connected with keeping your home, so feel free to call us on 1300 339 604 to get the exact advice that you need.

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