Oh please... some of you really do need to get off your moral high horse! the bloody banks got us into this mess buy being generally greedy and incompetent at everything they did, not from little timmy posting a 100k writedown to their balance sheet... these are the same banks who smugly used to lord it over everyone about how many billions profit they made.
If your backs against the wall with 100k round your neck and no job in the pipeline, you may be forced into it. The insolvency service look for deliberate cases, so people who plan bankruptcy may get caught out and this can lead to all sorts of restrictions.