hi my husband is seriously ill and we are both in an iva of 2 years we have asked if it can be closed down early will they do this on his health or will they want equity release or get me to take over iva so worried now
It depends on many things. For different reasons my IVA, linked to my wife's, became untenable about half way through and, in that case, creditors agreed to shut them down based on payments made to date. So it can happen.
You really need to speak with your IP sooner rather than later.
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