Very unlikely. If you are a home owner, the property will be valued and the equity calculated (difference between the value of your property and any mortgages/loans secured on it). If equity exists then this would need to be realised for the benefit of your creditors. You will receive advise on the options relating to your equity and an agreement will be made prior to you signing your Trust Deed.
May not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
Free debt counselling, debt adjusting and providing of credit information services is available to customers by contacting MoneyHelper.