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With either Bankruptcy or IVA, what is the likelihood that I would lose my home, even though there's hardly any equity in it. Also would it make a difference to the outcome if I was to rent the property out?

In bankruptcy it is unl;ikely that you would not lose your home if there is little equity in it as a third party can buy your interest for the equivalent sum. If you cannot raise the amount of equity in the property you could lose your home but this is usually avoided.

In an IVA you would be required to remortgage the property if possible to release equity and if that cannot be done the IVA would be extended by a year if there is equity to be realised. You would not normally be required to sell the prperty but like any rule there are exceptions. Speak to an IP firm for some free advice.

Hi and welcome to the forum, why not take a look at www.iva.com for a list of companies to chat to for some free impartial case specific advice.

You'll also find some reviews of the companies there too.