In the normal course of events - yes. However, in the current climate it is unlikely and most of those in an IVA go on to get the 12 month extension as an alternative.
Of course, equity release would require the co-operation of the other owner and, if this is not forthcoming and a remortgage was possibler, the IVA could fail --- but a moot point really.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
