Thanks Catullus, I will indeed go through the equity clause with a fine toothed comb..

As for the property prices, I have lost my shirt by making bad decisions over the years, so I'll tell you what I think, then you should do the exact opposite![:D]

Hi Guys, I am currently in my third year of my IVA and boy do I wish I had come across this site before, what a fantastic source of info for people considering an IVA. I would have really found some comfort in all this support & info when going through the process, so my hat off to those responsible...