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Compare Solutions

This table may provide some idea of the differences between the solutions. It is only a guide and every individual circumstance is different, so please call one of our experienced advisors on 0800 731 2433 for more information.

Debt Solutions Compared IVAs Debt Consolidation Debt Management Bankruptcy
Stops my existing creditors chasing me Yes Yes No Yes
Formally protects me from all my creditors Yes Yes (conditions apply) * No Yes
Avoids having to sell my house to release any equity No Yes Yes No
Debts can be written off Yes No No Yes
Debt payments can be rescheduled Yes Yes Yes No
Stops any further interest building up Yes No No Yes
The arrangement runs for a fixed period Yes Yes No Yes
Avoids the stigma of bankruptcy Yes Yes Yes No
People arranging it have to be qualified and licensed Yes Yes No Yes
A regulatory body deals with ongoing problems Yes Yes No Yes
Does not affect my ability to borrow in future No Yes No No
My details are kept out of the local newspaper Yes Yes Yes No

** Some products can be different depending on which organisation you go to for financial support. Always check with the provider to ensure you understand the full details of your contract before signing any agreements.

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Association of Business Recovery Professionals Ideal Debt Solutions is a trading style of Ideal Corporate Solutions.
Registered in England & Wales number 3328804. Licensed Insolvency Practitioners.
Registered Office: Lakeside House, Waterside Business Park, Smiths Road, Bolton BL3 2QJ.
Andrew Rosler is authorised to act as an Insolvency Practitioner
by the Department of Business Innovation & Skills. Licence Number 9151.

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