If the IVA is not completed then the debts will not be written off and will need to be settled from the estate -- which, as you rightly say, will eat up any equity there might be.
Do not do anything rash without research. You say there might be only £10k .... but that is still a sum not to be thrown away lightly and, indeed, after the valuations and redemption figures are in, it might be more.
Who is onlineUsers browsing this forum: No registered users and 15 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location