If the IVA failed -- whether it was your fault or you deemed it theirs --- the whole thing will be down the toilet and wasted --- so not something you want to suggest.
Yes, I am afraid you do have to carry on paying -- as long as you agree with the calculations ---- do you agree that there is more then £5,000 equity ?
If your equitable share of interest is less than £5k this will be academic and the year extension should not apply.
You will have to declare the IVA to the judge and keep your IP in the loop about this as you are potentially giving away an asset whilst insolvent.
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