Bankruptcy and IVA

[sakitha]

Hai,

I am Sakitha.

Which is the best option for you: Bankruptcy or an IVA (Individual Voluntary Arrangement)?
Debt advice is Britain's new growth industry. Thousands of people are employed to pick up the pieces from the credit-card fuelled consumer spending boom. Many are earnest, often volunteer workers with debtors' best interests at heart. But others are little more than hard-sell operations pushing high-charge 'debt consolidation' plans which leave their victims even worse off.

Such is the growth of the debt advice business that a market of competing advisers now exists. If, like many of the callers to The UK Insolvency Helpline you fit the typical debtor profile - 10 to 12 credit cards and debts of above