thanks for the help so far. I am slowly coming to terms with all the facts. Another question though,apologies, If i lose my job during the 5 year period of th IVA and providing that I have kept up with the payments what would be the worse case scenario be if i stuggled to find another job

i am considering an IVA and have not yet applied. My wife and I have concerns over losing the house or having to sell the property at the end of the agreement.

what happens if you have no equity in your house because you have a second loan against your mortgage and after 5 years ant equity will be minimal