Firstly welcome to the forum Bankruptcy (BR) is only one approach to debt and it is one that should be considered long and hard. There is a new type of BR called DRO , Debt Rekief Order. only available if no assets less than £15000 debt and less than £50 Disposable income (DI) The CAB are handling them at the moment and may be more suitable for you with your quantity of debt.
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman) Life's too short!!!