DMP or IVA help wanted

Skintish

Hi all! Hope you can help.
I have been looking at the debt free board since a friend told me about the site and realise I am not the only one in this mess. Due to my stupidity and living beyond my means I have £41300 of unsecured debts. I am not sure what to do now for the best solution to my problems. Due to the company I work for being taken over and relocating my job has changed and I no longer work overtime so am about £400/500 pm down in my pay packet. I also now have a 50 mile round trip to work. For a while I lived on my credit card till that was maxed out, my overdraft reached its limit and I finally woke up to the fact that I couldn’t carry on hoping to win the lottery.
My unsecured debts are as follows;

HFC BANK £495
DIRECT LINE £22500
MBNS LOAN £4,700
MBNA CARD £7900
ARGOS £400
ABBEY LOAN £3200
ABBEY O/DRAFT £2200

Total payments for all of these is around £850 pm from take home pay of £1400.
Other outgoings at the time were as follows;

Mortgage £190pm
Car (diesel/tax & servicing) £215 pm
Gas/electric £70 pm
Housing tax £80 pm
Insurance (life) £40 pm
Insurance (car) £36 pm
TV Licence £11 pm
Food etc £600 pm
Total £1242

The only plus point I can see at the moment is that my mortgage is up to date. I owe £35000 on a house that is worth around £90 to £100K, but the council still have a share in any profits for another 18 months.

In October I contacted the CCCS and as a result entered into a DMP. We calculated that I could afford £102 pm as a payment, obviously not enough but at least a start on the road to sanity.
I have since heard from 3 of my creditors stating that the offer from CCCS isn’t enough and default proceedings will begin shortly, although they do all seem to have frozen interest and charges for the time being. I have also had the MBNA credit card calling me frequently asking that I pay them extra in return for a few hundred pounds knocked off my bill (tempting but a little unfair on the others).

Due to some budgeting I can now afford to pay another £200pm which would almost be enough to keep the creditors happy and pay them off in 10 years (sob sob) but I am not sure which way to go now. I don’t think that bankruptcy is an option due to the equity in the house, so I wonder if I should carry on as I am or look to enter an IVA but don’t know if that would be suitable either, and if so would I have to remortgage my house in the future ( the thought terrifies me). The info on the Payplan site about IVA’s looks great (debt free in 5 years paying about half of what you owe) but sounds too good to be true. Any advice would be greatly appreciated.