know of a lot of people who will, in the next few months, be forced into bankruptcy. Luckily, these people all have unsecured loans, so the family home isn't on the line, but that is the only saving grace.
JS,
Either you've used the wrong term, or the people you speak of have gotten terrible advice and are in for a hell of a shock. When you go bankrupt in the UK - irrespective of reason - you lose all your tangible assets, including your home. End of story.