Sorry i know this has been mentioned before but i need to vent my anger after having the facts clarrified by a legal friend. Firstly let me say i know some cases are different but in the majority of cases these are the facts, and it was told to me yesterday by the court officials that if you don't own your home, don't have savings and don't have any posseson worth 5 k and you owe money pay your £450 quid and go bankrupt. I gave a friend of twelve years some moral support yesterday who (along with about 50 others in the court) decided to go bankrupt. He had 47 k of debt and had made no real effort to pay them back, some his paid nothing to for 4 months and told them he was doing it. He wrote down his wages vs outgoings for the court, who saw that his outgoings including things like Sky/broardband etc didnt cover his and his wifes income, both work bringing in £2500 a month after tax. To my amazement the debt was wiped, he can take no new loans for a year and after 12 months that's it , he can then go back to normal. If companies give him loans more fool them. All but one of 11 people before us had the same huge grin, one was in tears because he was refused. The clerk of the court said it's like it every day and is costing people like myself who has saved, own my own house and been responsible mlllions every year as companies have to get there money back. He came out laughing as the court bent over backwards to help him if he gets threatening letters etc. He was saying thats it the rest of his money in the bank is to be blown on Christmas and we nearly came to blows as i said his got away with f****** murder and doesn't seem to care. Sorry for the rant, but after having it confirmed this morning my blood is boiling.