If you are buying your home and have a mortgage the equity in your home will vest with your Trustee. Depending on circumstances there may be options to get that equity back and in turn keep your home. You really need to seek proper advice before going bankrupt. Call us today and we can explain how it is likely to work based on your circumstances.
If you own your home with no mortgage and you go bankrupt your home will vest with your Trustee. This means that the Trustee will sell the home so that your creditors can be paid.