Property is in husbands sole name.Mthly repayments we can afford only amount to £25k (20% of debt) but relation has promised us £25K lump sum to help out which would be introduced to make total repay upto 40%.

Hoping to do joint IVA (majority of income is his). Joint debt £140K (Hubby £100k me £40K). Dont want Bankrupcy as hopin to keep house (equity £120K) and I am self emp - dont want to lse business (even though its ealy days and not turning a profit yet). Figs we propose give creditors approx 40% of o...