| Bankruptcy | Debt Management | Re-mortgage | Debt Consolidation | IVA |
|---|
| Includes all assets and liabilities |
Yes |
No |
No |
Not always |
No |
| Automatically includes debts from all unsecured creditors (e.g. rent, utilities, council tax) |
Yes |
No |
No |
No |
Yes |
| Runs for a fixed term |
Yes |
No |
Yes |
Yes |
Yes |
| Binding on all creditors (no contracting out) |
Yes |
No |
No |
No |
Yes |
| Debts can be rescheduled |
No |
Yes |
Yes |
Yes |
Yes |
| Debts can be written off |
Yes, automatically |
No |
No |
No |
Yes |
| Entering the Agreement stops all future interest and other charges |
No |
No |
No |
No |
Yes |
| All debts are automatically extinguished if you meet Agreement terms, even those not paid in full |
Yes, except student loans |
No |
No |
No |
Yes |
| All debts have to be repaid in full |
No |
Yes |
Yes |
Yes |
No |
| There is a regulatory body to deal with problems while the Agreement is in force |
Yes |
Yes |
Yes |
Yes |
Yes |
| Appears on credit scoring records |
Yes |
Yes |
Yes |
Yes |
Yes |
| Advertised in local newspaper |
Yes |
No |
No |
No |
No |