Avoid Bankruptcy with an IVA
An IVA could be the best way to get out of debt without losing your home or resorting to bankruptcy.
By filing for bankruptcy you could:
Lose your home if you own it
Limit your career options
Restrict your access to loans in the future, including a mortgage
Receive unwelcome publicity
With an IVA:
Your creditors will release you from some of your debts
You have very few restrictions on future employment choices
You take back control of your debts and your life
You can continue to trade if you run your own business.