Comparison Table for Different Solutions to Debt Problems

This chart illustrates a summary of possible debt solutions, before we can identify which one is the best solution for you we will need more details. If you think an IVA might be right for you why not check out the IVA Pros and Cons as well?

Your questions	IVA	Bankruptcy	Debt Management	Debt Consolidation
Is the interest guaranteed to be stopped?	Yes	Yes	No	No
Are charges guaranteed to be stopped?	Yes	Yes	No	No
Will part of my debt be written off?	Yes	Yes	No	No
Will my debts be cleared over an agreed period?	Yes	Yes	No	No
Will my creditors stop chasing me for payment?	Yes	Yes	No	No
Will I keep in control of the situation?	Yes	Yes	No	No
Will I avoid the stigma of bankruptcy?	Yes	No	Yes	Yes
Will I be able to keep my house?	Yes	Noa	Yes	Yes
Is the procedure confidential?	Yes	No	Yes	Yes
Is my problem kept out of the local newspaper?	Yes	No	Yes	Yes
Is the service provider professionaly qualified and a specialist in consumer debt and licensed?	Yes	Yes	No	No
Number of Yes's	11	7	4	4

a - This depends on your circumstances as in some instances you may still be able to keep the house. If for example you have no equity or if the equity amount is on the low side then your partner, family member or friend may be able to purchase your share of the equity from the Official Receiver or Trustee that is appointed to oversee your affairs.