A website is offering a wide range of information on the IVA with various articles and facts surrounding the procedure.
However, the IVA information centre does urge consumers to consider all of the options before choosing the course of action.
A spokesperson for the site commented: Consider all of the other options (including bankruptcy) before you make your decision. Debt does not simply go away and if you are genuinely struggling you are going to have to deal with it sooner or later."