Yes, it's usually not a total-loss with these things, but...

Yes, it's usually not a total-loss with these things, but receivers fees, legal costs etc tend to soak up a bit of cash, then there will be the delays in sorting things out and more costs. If the properties are still being built / developed then that tends to cause problems as a stalemate may emerge.

It may be Ok to invest a part of capital in these things if you know the risks, but the media is full of people suffering from cancer, elderly, farmers etc that had almost everything with Banksia. Have seen it all before and it will happen again