going bankrupt

JCS1

Richard1212 said:

I am so very sorry for your troubles and hope that you keep strong out smiling-----wanting to get things back on an even keel after your dreadful 3 years is certainly a good start.

It is really difficult for anyone on this forum to advise you in any detail , even if they say can. I think you should use up the first session with a solicitor, which is free and seek his/her opinion. That might point you towards a financial adviser recommended by the solicitor or may lead you along other avenues. And, don't forget Citizens Advice Bureau who can also start you off in the right direction. Very very best wishes. 

Solicitors and financial advisors won't know about insolvency in detail.

The OP needs free, independent debt advice

luvchocolate

Never any need to pay for debt advice. 
The debt free charities are there for you 

sourcrates

Richard1212 said:

I am so very sorry for your troubles and hope that you keep strong out smiling-----wanting to get things back on an even keel after your dreadful 3 years is certainly a good start.

It is really difficult for anyone on this forum to advise you in any detail , even if they say can. I think you should use up the first session with a solicitor, which is free and seek his/her opinion. That might point you towards a financial adviser recommended by the solicitor or may lead you along other avenues. And, don't forget Citizens Advice Bureau who can also start you off in the right direction. Very very best wishes. 

Most likely advice was offered in good faith, but the OP requires debt advice, not financial or legal advice, and certainly should not ever pay for the privilege.

The free to use debt charities are the normal path to take for advice if considering bankruptcy, a financial advisor will be of little use to them now unfortunately.

ManyWays

tatty1985 said:

If its the case that that debt goes away I would only really have about 10-15k worth of debt, would I be better considering a DRO?

Debt from a house repossession does not "go away" for 12 years. That is a long while! Your finances could be completely different in 8 years time and then you may wish you had gone bankruptcy at this point and got a clean start, 

maxmycardagain

"Bankruptcy & Council Tax Arrears
The council will not be able to enforce this debt once you are bankrupt. Also, if before you were bankrupt, you lost the right to pay your council tax by instalments because you did not make the payments on time, you will have become liable to pay the whole year's council tax."