Can I Keep My House

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 don’t have the house anymore? The reality is, in most cases in Northern Territory, you can keep your family home.

It all comes down to the equity you have in the home, 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 home so long as you can keep paying the mortgage and other costs 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 the NT, so call 1300 795 575 and let us here at Bankruptcy Experts Tennant Creek give you the appropriate advice you need.

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PHONE: 1300 795 575