Thanks for the advice, I would be grateful for your comment on a couple of further points. I beleive my property is excluded from the IVA however the original report is unclear. In the text of the report the house is listed under excluded assets. In the table of assets available to creditors there a...

My IVA was for £27,000 including administration costs. To date I have paid approx. £11,0000. I will not receive any redundancy payment as I have been in current employment for less than two years. I have a house with a mortgage and secured loan on it, so very little or no equity there. I am married ...

I am approaching the 3 year aniversary of my IVA and it is very likely that I will be made redundant within the next two months My prospects of finding a new job with similar pay are slim in the present financial climate. Is bancrupcy my only option or will IVA allow a period of time to find new emp...