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would I be accepted if I could repay approx 60% to creditors including part of my equity from my house in a few years time

Hi Sussex
If you dont mind posting more info like your income, amount of equity in the house,amount of debt,who are the creditors, and amount of disposable income (what is left after just paying your living costs not the debts) Then everyone will advise as to possible solutions.

Ang

Hi Sussex

On the basis of the information you have presented, an IVA may well be possible, but you should take advice from an insolvency practitioner with regard to your individual circumstances. As Ang has suggested, post more information on the forum and we can advise further.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk