Your unsecured loans will be included and payments worked out according to your disposable income and it also depends on whether or not you own your own house as to whether it runs for 5 or 6 years. Have a chat with a few companies for more advice.
It is effectively a contract between an individual and their creditors to pay back what they can afford of their debt from their assets and/or income and/or third party funds over a certain period of time.
Each IVA is unique so will depend on your financial circumstances as to whether an IVA is suitable for you and/or the best option in your circumstances.
An Insolvency practitioner will help give you advice and if relevant help you draft your proposals to creditors and then they get to vote on whether they accept them or not.
A bit of background can be found here:
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