I think you should be ok - you are only signing to say that you know them and that they are who they say they are and the photograph is a true likeness.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Thanks Jan, I can't see anything about being excluded if in an IVA but it has all the blurb about respected member of community, professional person, etc.
Being in an IVA doesn't make you any less a respected member of the community or a professional person!
I doubt that the passport office check the financial status of anyone countersigning an application.
You could always check on the passport site to see if it says anything on there.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk