Hi Andy
At present the benchmark of a minimum 25p in the £ is generally accepted in the marketplace as being minimum dividend. However when you talk to a lot of the creditors individually, they say that they do not operate under any criteria apart from viewing whether the case returns a higher dividend than in bankruptcy.
However, I don't think that you can get away from ignoring the property issue, and of course creditors are fully aware that no-one can control fluctuations in the property market. Dividends relying upon equity release can never be guaranteed.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk