many thanks for your helpful replies.........just to help you advise further... 1) we have a joint mortgage of £103000 and the house is currently valued at £103000 so no equity so far. (I Retire in 10 years but mortgage payments of £805 monthly carry on thereafter for a further 9 years) 2) the cars ...

my wife and I have a mortgage and also pay HP for 2 cars which we do need for our jobs in order to get wages for our £63000 accumulated debts.

My question.....will we have to sell our house and cars to have an IVA in place. the cars are necessary as public transport is rare where we live. thank you