If you find yourself in severe debt then you are not alone. There are literally millions of people out there in debt so deep they have no way possible to pay it off. This is the point where they contact a credit counselor and start making a plan to come to some sort of an agreement with the creditors. These companies work on your behalf using an IVA (individual voluntary agreement) which is essentially you telling the creditors that you voluntarily will pay a certain amount or come to a specific arrangement to pay your bills with them. In many cases, if you qualify, you can have some of your debt written off!