we owe somewhere in the region of 63k, our monthly income is £3300, my outgoings without the (63k) is estimated at £2300 (mortgage sec/loan..bills..petrol..clothes kids dinner money, what do you think my iva payments would be.....

so if i have 15,000 equity in my property, i must remortgage to pay that 15,000, at the moment i have no equity in my house, if that stays the same i wont have to do it,

what is the claus in the iva contract, that states you may be required to remortgage your property, to pay off debts, i do not want my home to be at risk, and certainly do not want to start takin on extra debt when gettin to the end of my payments,

if i take out an iva and start to get my finances back on course, my plan is to do some serious saving, to avoid this situation again, my concern is if i have my savings in a savings account and 4 years in i have a substantial amount, can it be taken as part of my repayment, saving this way would be...

i have been advised to open a new bank account, before i take out an iva, as the bank iam with will be part of the process, i am concerned that any bank when they know i have taken out an iva will close my accounts, and iam scared of how i will paid as both my wife and i get paid directly into a ban...