Thanks UAV689.
My brother is a senior manager in one of the bailed out banks (one with the biggest corporate loss in UK history) and was furious that i was compromising basic living needs to repay his own employers! I literally sold everything i owned that was worth anything on eBay to repay the banks and i only wish i'd seen sense sooner.
Its nice going to sleep at night now not having to worry about to make the next repayment or how i will put petrol in my old car. Amazingly i am now an expert on how far you can go on a fuel light in a car, and trust me its far!
The restrictions and bad credit for becoming bankrupt are well worth not having to repay money i can't afford.