BEWARE OF BANKRUPTCY.
I am exceptionally lucky in that I was in your position and survived several times by the skin of my teeth. I considred bankruptcy but was talked out of it by a friend who is a discharged bankrupt. I am very glad now that he did. This is partr of my present contract:
...the Company may terminate your employment immediately.....commit any act of bankruptcy or take advantage of any statute for the time being in force offering relief for insolvent debtors;
I do not know what the effect on my employment would be if I was already in that position but please make sure of the consequences if you do go that way. Perhaps you could ring an airline chief pilot and ask him.
Good luck and hang in there.