And if you don't fancy being made bankrupt or being accused of fraud then why not just renegotiate the debt. There are numerous companies and organisations around that will be more than happy to go to a bank and say that our wee wannabe can't repay you but is willing to offer 20p to the pound instead on a take it or leave it basis. No bad credit rating to suffer, debt wiped for good. Just don't expect to do business with that bank again in the future. Big companies have been doing it for years. All completely legitimate. Bargain me thinks.