The argument would be in an IVA that the property is in your wife's name and does not therefore form part of the IVA.
If creditors dispute and wish to challenge this they would then need to reject the IVA proposals and such a challenge would need to be done via any subsequent Bankruptcy.
The Trustee in Bankruptcy may then try and argue that you now have an interest in the property but this is a difficult and expensive claim to bring about and prove hence it would probably be easier for creditor to accept it is not offered in the IVA and accept the IVA (subject to terms being more attractive etc)
Alternatively you could consider your wife injecting a lump sum to 'buy out' your interest...
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