As members of the Insolvency Practitioners Association (IPA), myIVA-Adviser.com are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.

R3, the Association of Business Recovery Professionals, has issued this press report (below) high-lighting regulation issues with Debt Management companies.

Take a moment to read the report and give us your thoughts.

As members of the Insolvency Practitioners Association (IPA), myIVA-Adviser.com are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.

The answer to this question will be based on the personal circumstances of each case.

Certain situations will clearly suit an Individual Voluntary Arrangement (IVA) over a Debt Management Programme, based on one of the many reasons that make the Individual Voluntary Arrangement (IVA) such a good debt solution, for instance the possible debt write off, or fixed time of the repayments, but other debtor circumstances will favour the Debt Management Programme category.

The crucial decision.

Do you make your repayment plan Formal by using an Individual Voluntary Arrangement, or Informal by using a Debt Management Programme ?

Your personal circumstances will have a major bearing on the outcome of this decision, because each solution, be it an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, has its Pros and Cons.

To help you decide which of the debt solutions you prefer, here are the main Pros and Cons of each choice.

Debt management plans are informal arrangements between a person in debt and their creditors.

Here are the main objectives of any debt management plan.

At myIVA-Adviser.com we can advise you of the right solution to your debt problem. Generally speaking your options consist of bankruptcy, debt management or an IVA.

When people are experiencing financial pressure due to an over commitment to their personal unsecured debt repayments, they often will not know which way to turn to get help.

For those people who live in Manchester, who are struggling with their debt repayment commitments and who are looking for help in becoming debt free - look no further.