Im considering going on an IVA but Im worried about the part where at the end of your 5 Year IVA you may have to release equity of your home. How is that gonna be possible if nobody will give you credit? And what so far have people experience with regards this matter? Also, my husband will not be in...

How do you release equity in your home at the end of IVA when your credit rating is down? I understand it will involve remortgaging the house, am I being stupid? And if I go on an IVA as the debts are all in my name, how will my husband get affected?

I am a Radiographer by profession and shamely admits that I havent been very good in keeping up with my budget for the past 5 or so years and as a result have accumulated a large debt of about 40K in total at least. And this is due more to trying consolidate debts. I am only earning about 2300 pound...