If all else fails should I consider bankruptcy or an IVA?....

Every week we'll be explaining all you need to know about bankruptcy, IVA's (Individual Voluntary Arrangements), and other voluntary debt management solutions. This is a complex area, full of traps for the unwary. To make matters worse, there are many companies out there making a lot of money out of the debt crisis that more and more individuals in our society now find themselves in. These companies do not always give their clients the best impartial advice, as they have a commercial interest in steering people down the road that leads to the most profit for them.

We recommend you always contact Citizens Advice Bureau, and other non-profit organisations offering un-biased, specialist debt advice. We can provide you with all the contact details you need to know, together with more general advice.  If you have serious debt problems the information you need is all in one place, right here on Live on Less.