www.iva.co.uk

This would depend on what is detailled in your original proposal. Best advice would be to discuss with your IP. A typical example of this would be that a proposal would have stated that if the equity can not be released that the term of the IVA be extended for a further 12 months. As i say though it will all depend on what your original proposal stated.

I think the majority of us will be in this position. It is usual for the IVA to continue for a further 12 months in lieu of that equity. It does depend upon what your proposal says.