Comparison of debt solutions

It can sometimes be confusing when considering different debt solutions. The following comparison table should help clear things up.

Question	IVA	Debt Consolidation	Debt Management	Bankruptcy
Will my debts be wiped clear within an agreed period?	yes	no	no	yes
Will interest be frozen?	yes	no	no	yes
Will charges stop?	yes	no	no	yes
Will my monthly repayments be reduced?	yes	maybe	yes	yes
Will I be protected from unsecured creditors?	yes	no	no	yes
Can I keep my house?	yes	yes	yes	no
Are all creditors legally bound to write off debt I can't afford?	yes	no	no	yes
Will creditor action stop?	yes	no	no	yes
Will my credit-rating be damaged?	yes	maybe	probably	yes
Is it a confidential procedure?	yes	yes	yes	no
Will I avoid the stigma of bankruptcy?	yes	yes	yes	no
Is the procedure dealt with by a professionally qualified and licensed specialist in personal debt?	yes	no	sometimes	yes