Not everybody that declares bankrupt wants to,my Brother in law was made banrupt about 6 years ago,and it was not his fault, he owed approx �1000 tax and �5,000 vat but he was owed �27000. but the 3 companies that owed him money went down the pan, his house was re-possesd and sold at auction for �50,000 less than the market value, he was then asked by the Building society for the shortfall,it was a terrible period for them, luckily they have come through it, the silly thing is when asked if he had credit cards he said no, he was advised that if it happened again get as many as you can and spend to the limit then go bankrupt as credit card debts are written off, if this is true I do not know, seems daft to me if it is.