The alternative to an IVA is bankruptcy, but there are debt management plans you can enter into where you pay what you can afford to your debts. An IVA may still be a viable solution for you as your circumstances change you wont be paying possible out as much then you are now. Give us a call and we will access you situation and give you the best way forward. Bankruptcy is an option but something you should always look to avoid if possible. Hope this helps and speak with you soon.