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.
Bankruptcy protection is your right. You have already paid for it when you paid taxes on the pilot training, and interests on the loans, and you have right to use all the resources you have. They have ejection seats just to be used, they don't fire you if you use ejection seat, and seems you did it pretty responsibly.
I wish you great luck in all your endeavours.
