| Consolidation Loan | Debt Management |
IVA or Trust Deed | Bankruptcy | |
| Protection from all unsecured creditors. | No | No | Yes | Yes |
| Long term, likely to save money. | No | No | Yes | Yes |
| Avoids selling house to release equity. | Yes | Yes | Yes | No |
| Unsecured creditors legally obliged to write off the debt. | No | No | Yes | Yes |
| Creditors who don't want to help legally obliged to do so. | No | No | Yes | Yes |
| Arrangement runs for a fixed period. | Yes | No | Yes | Yes |
| Creditors stop chasing for payment. | No | Yes | Yes | Yes |
| Avoids the stigma of bankruptcy. | Yes | Yes | Yes | No |
| Stops affairs being made public in my local newspaper. | Yes | Yes | Yes | No |
| Stops interest building up. | No | No | Yes | Yes |
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