Bankruptcy is the final and best debt solution anyone should consider as it is quite extreme. It can cost just around £500 court and admin fees to go down this route.
Debts are known as 'priority debts' and they are not always the biggest ones.
Check here Priority debts usually include things like:
• Court fines
• Mortgage repayments
• Council Tax
• Secured loans
• Utility bills
It is important to deal with the problem straight away, find out what you can do about your debt problem and where to get free help and advice.