Mum and Dad only have state pensions plus dad has a small company pension. They dont have any other income, it has been suggested that she pay £300 per month for 12 years to clear the debt! They have taken equity from the house in the past, if she applied for IVA would they have to take further equi...

My mother (75) has 3 credit card debts totally £30,000. She has already taken equity out of her property. Can she apply for an IVA?