Can I Keep My House

Can I Keep My house
When considering bankruptcy, one of the first things people contemplate is the possibility of losing the family house. Where will you live if you do not have the house anymore? The reality is, in many cases in Tasmania, 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 house, the rules do differ slightly in Tasmania, so call 1300 795 575 and let us here at Bankruptcy Experts Hobart provide you the appropriate guidance you need.

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