This page provides decision-support and signposting. A callback helps us match you to the right option.
| Solution | Best for (high level) | Debt written off? | Typical duration | Credit file impact | Costs |
|---|---|---|---|---|---|
| IVA | Repayment plan via an insolvency agreement | Partial (terms vary) | Usually 5-6 years | Significant | May include arrangement fees |
| DMP | Agreed repayment with creditors | Not guaranteed | Variable (often years) | Usually negative | May be free/low cost via partners |
| DRO | Low income / limited assets | Yes (subject to eligibility) | Usually 12 months | Significant | Typical DRO fee (set by process) |
| Bankruptcy | Official insolvency route | May be discharged (subject) | Commonly 12 months | Significant | Official fees apply |
| Trust Deed (Scotland) | Scotland-specific insolvency option | Possible write-off | Often around 4 years | Significant | Partner fees may apply |
| DAS (Scotland) | Scottish arrangement scheme | May reduce debt | Variable | May be negative | May include DAS fees |
Privacy Policy | Terms & Conditions | Cookie Policy | Complaints Procedure | Vulnerable Customers Policy | Sitemap | Modern Slavery Statement
© 2026 DebtClearPlans. All rights reserved.
