Hi Firstly IVA is a pre runner to bankruptcy an IVA lasts 5 years in the 4 th year any equity may be asked for there are no actual figures but IVA s have a very high failure rate I would never condome at any cost bankruptcy as it is the last resort as for the 10k I would never offer any amount like that as it will be swallowed up and cause family problems. Offer 2k Regards Adrian(posted 6991 days ago)