Not 100% sure, but I think you would be expected to sell it and pay the money across to the IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
We kept our caravan. It wast worth much and would prove difficult to sell. Our family pay all the running costs for us so it doesnt cost us out of our budget.
I think it will depend on the situation and value. If you have bought a 12 berth beauty last week then it would have to be sold,if on the other hand it is a 15 year old box on wheels you may get to keep it given its relatively low value.
Is it of particular value??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.