There are several programs which are legal and designed by the government to help those who frequently raise loans but are not generally the defaulters. One such program is debt management plan program. IVA program is a legalized program which entails signing of a contract between the debtor and the creditor.f you are amongst those who have to take loans very often? If yes, then don’t be one of those who simply take loans and never repay them. Instead think smartly and be wise. A person going for debt help should seek the help of insolvency professionals to decide the best program to meet their needs. The program generally also depends on the kind of amount involved and total debt. Only they are allowed to offer the debt help program to the borrower. They are the ones who will plan the debt program, including the repayments by the borrower depending upon his monthly income and convenience. In case of any dispute the borrower should consult and contact the insolvency professionals.The repaying ability of the borrower is also taken into consideration while offering the debt help program. The contract signed by the debtor and the creditor contains various details so that no contention arises to any party, such as the repayment scheme is decided and signed, which means that the payment of the borrowed money by the borrower is decided on his or her monthly income. The contract also contains the upper limit, within which the loan has to be repaid completely. This period is generally up to five years.