If I have a Trust Deed, will I lose my house?

If you have equity in your house* then as part of the initial negotiations, your creditors may ask your Insolvency Practitioner to release some capital from your house (e.g. by re-mortgaging). However, there are things that can be done to protect your home such as "buy-back" or extra contributions. You should ask your Debt Advisor for details. .

*i.e. You have equity in your house if the proceeds of its sale would more than repay the monies which are secured against it

 

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