They need to work out the equity to see if the equity clause will be triggered. If it is they will want you to attempt to release equity or, failing being able to do that they will extend the IVA by 12 months -- this is all in your paperwork.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/
You won't be forced to sell, just extend as Foggy says.
Sharing from experiences of dealing with debt
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