Can I Keep My House

Can I Keep My house
When thinking about bankruptcy, one of the first things people think about is the possibility of losing the family house. Where will you live if you don’t have the house anymore? The reality is, in many cases in the Northern Territory, you can keep your family home.

It all comes 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 costs such as council rates and insurances.

Obviously, there are a lot of other aspects associated with keeping your home, the rules do vary a little in the Northern Territory, so call 1300 795 575 and let us here at Bankruptcy Experts Darwin give you the appropriate advice you need.

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PHONE: 1300 795 575