Am I going to be arrested for fraud?

fatbelly

It will help if you have paperwork to show when and how much you gambled, so that the OR can see where it went, particularly the 50k you borrowed recently.

This is public domain info but I think it best to remove the guy's name. He got a 3.5 year BRO, to give you a rough idea.

Mr X, at a time when he was insolvent, incurred loans totalling £26,000 on 9 September 2014 and 21 April 2015 which he had no reasonable expectation to repay, in that; Mr X had insufficient available income to maintain repayments of these loans as his income was £260 per month with existing repayment commitments of £289 per month. The two loan repayments totalled £687 per month • Mr X spent £7,114 of the monies gambling, used £5,463 to maintain the loan repayments and spent the remaining funds on social and additional living expenses. • On 7 January 2016 Mr X petitioned for his bankruptcy

and another, 3.5 years again

Between 11 October 2014 and 16 January 2016 Mr Y lost £21,292 through gambling. As a result of his gambling losses, Mr Y became insolvent and his gambling losses materially contributed to his bankruptcy which he filed on his own petition with liabilities of £23,333.

london1973

I would suggest the chances of you being arrested for fraud are somewhere between zero and nil, for all the reasons given by everyone above.
It's very easy in BR to overthink and panic, assuming the OR, creditors etc are going to give your case special attention, from what I recall your creditors are banks and loan companies, they deal with 100s of bankrupts on a daily basis-believe me they are not going to get forensics onto your case and applications!
If everyone in the country who had borrowed money, and spent it on something other than specified in an application, was arrested, the police wouldn't have time to do anything else...