Hello Lesley,
If your IVA is rejected, you could consider bankruptcy.
If you decide to go bankrupt you should take advice from your local Citizens Advice Bureau (or similar organisation) or your insolvency practitioner.
Once a debtor has been discharged from bankruptcy, they are no longer liable for any outstanding debts, as long as they were detailed in the bankruptcy proceedings. This provides a "fresh start" for those unable to clear their outstanding debts within a reasonable timescale.
Good luck with your IVA.
Regards,
Julia
For more information about IVAs, please visit my website:
www.supersonicsquirrel.net