Thanks for all you helpful advice. We are currently on an DMP, so its definitely in hand, just it's not sustainable. I don't really understand how we are supposed to release the equity. In the interest of honest the debt total is 67K and our mortgage is 240K and we're on an interest only mortgage, s...

My husband is currently considering an IVA vs a DMP of 40 years. It all seems great until the bit where he could be expected to release equity in our home? Surely this is just transferring the debt to a more dangerous place further down the line? How likely is this to happen? With a terrible credit ...