As Heli-port says, the chances of £75k being unsecured debt is virtually zero so , bankruptcy is not a viable option.
As for bankruptcy itself, I'm horrified to see that anyone would advocate this as a way out of debt which you knew you were getting into.
Apart from that , you would become 'sub-prime' for decades to come.
o chance of a mortgage, car loan, mobile phone account, credit card etc etc for a lot more than seven years.
Anyway, the good news is it's christmas and oil is $35 and didn't hit the $200 predicted by our resident financial experts for this festive date!
Whilst the price of oil is branded as a 'sideshow' here, I think it would have become more than a sideshow for a number of airlines if it had hit $200!!!
Merry Xmas and let's hope for a better New Year than predicted!
