I would like to thank you all for posting your replies they have been very helpful. I have taken my first step to an IVA and I just hope and pray that it will be accepted. I would like to thank Mike for his help today.

I am £48K in debt and am a private tenant I live in Belfast and I am looking to start an IVA. I have spoke to one company who said it isn't the right thing for me and want me to take out a Debt management plan but I am afraid of this as it can take years to pay off.