Thanks for all the advice. I just feel that it's my fault I'm in the situation and I need to look for resolution myself. I understand that IVA is the right thing for some people but to me it's a last resort (Someone fixing my problem for me). The stress and anxiety my wife and I have felt over the l...

In summary I am £20000 in debt and supporting a wife and two children on a sole income of £1600 net per month. I've approached an IVA specialist who says I stand a very good chance of being approved. I am concerned over the longer term impact of having a bad credit history and am considering a consi...