Hi all
In bankruptcy it is all fairly clear cut.
IVA's are very open ended, meaning that creditors can theoretically request any modification they think they might get away with, regardless of actual dividing lines of ownership.
I seem to remember there was a post in the forum recently where it appeared that a wife being asked to contribute equity from property in the sole name of her husband, although we never quite got to the bottom of that one.
I assume the option is open to reject the modifications, presumably at the risk of losing votes.
-Best
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