Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.
Alas, the term is fixed - it's stuck for 36 months I'm afraid. However, you can (and should) discuss the amounts levied. Ensure that you have realistically oulined your living expenses and included all that can be included (a quick google search should provide a list). Negotiate. Bankruptcy is but a mechanism to get your life back on track - it's not meant to be (excessively) punitive!