Not sure which way to turn debts are HMRC 9k overpayment on tax credits Credit cards around 4k small consumer debts around 2k total debt 15k. all household bills are up to date we rent a house, and i am the sole provider i have been advised by Creditfix to enter into an IVA... not sure if this is the best or to go Bankrupt due to the HMRC debt..

I am 5 months into a 5 year agreement with Specialist Motor Finance.. due to other situations, I am thinking of entering into an IVA to improve my credit situation. the agreement shows SMF "may" terminate the agreement as i would have entered into a voluntary termination.. i contact them to clarify and they then stated they would terminate the agreement, but if i continued to meet the payments i would be able to keep the vehicle when i asked for this in writing they refused. any one had similar with this company?