Thanks for that reply, Melanie. Have spoken to my IFA who feels that I have adequate equity on my property to cover my debts, thus avoiding the need for an IVA and the subsequent effect on my credit rating, so I have agreed to explore this further. I can see how this may be a better alternative as m...

Can I instigate an IVA via my local Independent Financial Adviser, whom I am about to contact for initial advice regarding consolidation of my debts.