All depends on your circumstances.Each and every person is different and each have our own history. You need to get in touch with an Insolvency company for help. It also depends if you have a house, jids etc etc..one option doesnt suit all.
You could contact one or two of the IVA companies on this forum and ask their advice. Its important that you get as much information as possible before you make your decision.
Excellent advice above. You really need to talk over the specifics with a couple of firms. A good firm will go over all the options with you and give you the info to make an informed choice.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014