Company strike off & Personal bankruptcy

Hi all,

Congrats to all those who are doing well in business and thanks to all those contributing to forums. Just would like some opinions on my options.

I basically have spent the last few years being extremely disorganised and burying my head in the sand. I have decided to address the problem head on this year. I am embarassed about how it got to this stage, but here is the summary:

1) Personal debt of £40K + CJJ
2) Limited company owing £12K to HMRC
Company has not been used for 10 months (been working PAYE). I am the only employee and director. I provided service work only, so there is no goods, or assets. The nature of my work changed and a limited company is not required for my work anymore and its not important that i retain the company or directorship possibility.
3) have been unemployed past 3 months for various reasons. Likely to remain so for next 4 months minimum.
4) Lots of non and late payments.

I had never considered bakruptcy before but I have been advised to do this through various charities and debt advice lines. However I reallise the limited company is somewhat in the way now.

I've concluded my order of actin should be:

1) Apply to strike off company
2) Apply for personal bankruptcy immediately afterwards
3) Resign (within 21 days) as company director

I have concerns that HMRC will object to striking off and and will drag this on for another 3 - 6 months. But voluntary insolvency is too costly for me.
I suppose there is also a possibility that the bankruptcy will be over but the company issues still dragging on even after bankruptcy. If I'm back in a job I may be able to pay back, and there will be less burden.

In the meantime I'm living with family. My only asset is my car which is worth less than £1K, and a smartphone that just died yesterday.

Would appreciate anyone with experience or better advice.

Thanks and have a good day.