I have an IVA due to finish in October this year but the I've company are forcing me to remortgage my house to pay money to creditors, I'll be more in debt with higher mortgage payments. When I signed up for the iva 5years ago I was told they couldn't go for equity in my house, they're giving me seven days to sort it out.
Dig out your proposal and see what you agreed to under "Equity Release", usually in pre 2014 Protocol cases ( unless you have agreed to something different or have amended your terms to the later editions ) the options are to attempt to remortgage and, if that fails ( as it usually does) to extend the IVA term by 12 months. They cannot force any other course of action on you, though sometimes the firms they use can come up with workable alternatives for you to consider.
Who are you with ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk