But the logic and practicalities of going bankrupt post training still hold good. You may no longer be able to finance the training via a career development loan but you can still get all manner of unsecured loans and credit for general use.
Career Development Loans were always slightly suspect for funding basic training. As their name implies they should really only apply to, say, a Flying Instructor wanting to fund an IR or Type Rating which would allow him to 'develop' his already started career.
WWW