| Bankruptcy | Debt Management | Re-mortgage | Debt Consolidation | IVA | |
|---|---|---|---|---|---|
| Includes all assets and liabilities | Yes |
No |
No |
Not alwaysNot always | No |
| Automatically includes debts from all unsecured creditors (e.g. rent, utilities, council tax) | Yes |
No |
No |
No |
Yes |
| Runs for a fixed term | Yes |
No |
Yes |
Yes |
Yes |
| Binding on all creditors (no contracting out) | Yes |
No |
No |
No |
Yes |
| Debts can be rescheduled | No |
Yes |
Yes |
Yes |
Yes |
| Debts can be written off | Yes, automatically automatically |
No |
No |
No |
Yes |
| Entering the agreement stops all future interest and other charges | No |
No |
No |
No |
Yes |
| All debts are automatically extinguished if you meet agreement terms, even those not paid in full | Yes, except student loans except student loans |
No |
No |
No |
Yes |
| All debts have to be repaid in full | No |
Yes |
Yes |
Yes |
No |
| There is a regulatory body to deal with problems while the agreement is in force | Yes |
Yes |
Yes |
Yes |
Yes |
| Appears on credit scoring records | Yes |
Yes |
Yes |
Yes |
Yes |
| Advertised in local newspaper | Yes |
No |
No |
No |
No |