Lets just recap here:
Its easy to get £50k of debt to pay for your license.
Its easy to declare bankruptcy and its easy to persuade the judge you thought you could pay it back.
Its easy to live the 2 years under bankruptcy and then its very very easy to get on with the rest of your life.
Its easy to get a job as a bankrupt as they won't ask you about it won't care and neither will anyone you work with.
Its easy to live with the shame.
Morally wrong and illegal yes. But you set your own morals and the illegality lies in whether or not you intended to pay back the money and only you can know that.
Perhaps if you did it and then spent the 18 months of bankruptcy doing volunteer work in Africa then Gods scales might be rebalanced and you'll be issued with your Pearly Gates pass when the time comes.
Interesting discussion though.
Cheers
WWW