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 do not have the home anymore? The truth is, in many cases in South Australia, you can keep your family house.

It all comes down to the equity you have in the house, or rather, just how much your home is worth above the mortgage amount. If you have little to no equity in the home, you may 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 differ slightly in South Australia, so call 1300 795 575 and let us here at Bankruptcy Adelaide offer you the appropriate guidance you need.