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 home. Where will you live if you do not have the home anymore? The reality is, in most cases in the Northern Territory, you can keep your family house.

Everything boils 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 home, you may still be able to keep the home so long as you can keep paying the mortgage and other bills such as council rates and insurances.

Obviously, there are lots of other aspects associated with keeping your home, the rules do vary slightly in the NT, so call 1300 795 575 and let us here at Bankruptcy Experts Alice Springs offer you the appropriate advice you need.

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PHONE: 1300 795 575