Can I Keep My House

When thinking about 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 truth is, in most cases in Western Australia, you can keep your family house.

Everything comes down to the equity you have in the house, or rather, how much your home 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.

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