These are (1) debt consolidation, (2) debt management, (3) Individual Voluntary Arrangement (IVA), (4) bankruptcy and (5) Debt Relief Order (DRO) which is a.

Source: Debt Management: The Objectives | UK IVA Information Centre

According to KPMG, 2009 is ‘likely to see personal insolvencies reach record levels, with more than 150000 people entering into an Individual Voluntary Arrangement (IVA), being declared bankrupt or entering into a Debt Relief Order’. …

Source: Debt advice in 2008 – Debt Advisers Direct

During the year, accountants KPMG expects more than 150000 people to enter into an IVA, be declared bankrupt or enter into a Debt Relief Order – a new alternative to bankruptcy aimed at those with debts of less than £15000 and minimal …

Source: MALAYSIA UPDATE: 200 people a day declared bankrupt