Impartial Advice.
An IVA is a serious action to take and before you even make the first tiny baby steps towards this type of financial arrangement, it is worth contacting someone who can provide you with free impartial advice on all aspects of an IVA and any other possible alternatives.
There are a number of places that you can get impartial advice from on Individual Voluntary Arrangements. The Government’s Insolvency Service would be a good starting place, but they can’t give you any individual advice, and of course, all aspects of the Government are tied to the political agenda of the Prime Minister, so they will advise you to do what is best from their perspective, not yours.
Next, you can try the Consumer Credit Counselling Service (CCCS). This is a special service set up and funded by the Credit Lenders themselves, to responsibly assist those who get into financial problems with their debts. Of course, just like the Government, the CCCS will have their own agenda to promote, and their interests are related to the Lenders that they serve.
The Citizens Advice Bureau is one of the most impartial ways to get advice, although their staff of volunteers have very limited time and do not have the time to go through each stage of the IVA with you, although the impartial advice is most likely to be top notch.
Lastly, there are your local Insolvency Advisors. They are able to give you impartial advice that best suits your individual case. Since they are likely to be involved from start to finish with an IVA, they are also impartial, choosing the best route for their clients is what develops a great reputation and keeps customers returning to them for assistance time and again.