Hi W75 and welcome to the forum
How ridiculous to put someone into an IVA who can only pay £100 per month. What are the annual fees for supervising this hugely inefficient arrangement I wonder? Probably will not leave much for creditors, so what is the point?
I assume that your partner signed confirmation of the modifications put forward at the creditors meeting. If not, and she is adament that she did not agree any clause regarding equity release, then she may be able to claim that the IVA is null and void, but this will probably put her back to square one as the IVA will fail.
Can you reproduce the exact wording of the equity release clause, confirm the current value of your property and the amount you owe on your current mortgage. It would seem that a full and final settlement may be the best option to get out of this silly arrangement.
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