Hello, I am currently a PhD student with an income of £1200/month in London. However I have a large amount of debt, over £25,000 and have written to the creditors who at present are taking just £1/month from my account. I now have been issued with a £1600 tax bill and cannot afford to pay it. I was wondering if bankruptcy would be the best option, supposing I remain a PhD student for the next 3 years.