Unfortunately it doesn't, but as a lot of mortgage arrears can be caused by unsecured debt problems, eg a bank paying itself before paying a mortgage payment, then it is worth speaking to a professional to make sure that you have the right advice relevant to your own situation.
It may be, for example, that sufficient provision can be made within a budget to allow any mortgage arrears to be cleared, and then raising an IVA payment once that has been done if that is the way forward.
Visit
www.iva.com and have a look round, read the reviews etc and do and try and speak to 2 or 3 people to get a good feel for things.
Regards.
