COMPARISON TABLE
|
| COMPARE THE DIFFERENT SOLUTIONS TO DEBT PROBLEMS |
| Question |
IVA |
Debt Management |
Debt Consolidation |
Bankruptcy |
|
Will my debts be cleared within an agreed period?
|
Yes
|
No
|
Yes
|
Yes
|
|
Will interest be frozen?
|
Yes
|
No
|
No
|
Yes
|
|
Will charges be frozen?
|
Yes
|
No
|
No
|
Yes
|
|
Will part of my debt be written off?
|
Yes
|
No
|
No
|
Yes
|
|
Am I protected from my unsecured creditors?
|
Yes
|
No
|
No
|
Yes
|
|
Will I be able to avoid selling my home?
|
Yes
|
Yes
|
Yes
|
No
|
|
Are all my creditors legally bound to write off the debt I cannot afford to repay?
|
Yes
|
No
|
No
|
Yes
|
|
Are the creditors that don't want to help me forced to write off debt?
|
Yes
|
No
|
No
|
No
|
|
Will I be seen as doing the right thing by my creditors?
|
Yes
|
No
|
Yes
|
No
|
|
Will my creditors stop chasing me for payment?
|
Yes
|
No
|
Yes
|
Yes
|
|
Do I retain control of the situation?
|
Yes
|
No
|
Yes
|
No
|
|
Is it a confidential procedure?
|
Yes
|
Yes
|
Yes
|
No
|
|
Will I avoid the stigma of bankruptcy?
|
Yes
|
Yes
|
Yes
|
No
|
|
Is the service provider a specialist in consumer debt, professionally qualified and licensed?
|
Yes
|
No
|
No
|
Yes
|
|
| |
|