Thanks loobyloo, I am 40 years old and until now had a perfect credit rating and never missed any payments. I was self employed for 10 years but have not worked properly for over a year. I feel so depressed at the moment i can.t even think straight. My old accountant is asking for 500 plus costs. Is it definitely better i make myself bankrupt? What would happen if i don't? Are there any do's & don't concerning bankruptcy for a better chance of an early discharge and to avoid the 3 year pay back so that it would be a fresh start, i already feel that i'm too old to start again and i'm finding it increasingly difficult to find any reason to carry on at all. Is there anything more i can do?

Hi, I'm in such a huge mess and I'm making myself ill with worry. I found this site by accident looking for a dca's telephone number and of course soon found out not to phone them. I hope so much that someone can give me advice on what i should do as i can't carry on like this. I will try to keep it short and to the point. I have run up considerable debt which i had been paying off for some time. It all got out of control and i got into more debt to pay debt. The final straw came when the tax sent me a bill for 7,500 after a one year investigation due to some mistake by my accountant which i still don't understand. I sold my house over 2 years ago, the profit of which went a long time ago. I've had no new address since then, i lived in a caravan for a while and now with various friends. i still eventually receive mail from that address and it's the only one the banks etc have. I stopped paying off the debts late last year (i tried to stall some of them by phoning and telling them that i was out of work) and then stupidly buried my head in the sand. I have a pile of bank and dca letters. Here are my debts. Hfx loan 12,000 Hfx Loan 4,000 (original loan 18,000) (dca) Hfx overdraft 10,000 IF overdraft 5,426 (dca asking for 426 unarranged overdraft)28 extra pm Egg cc 6,000 (terminated)(now moorcroft) Barclycard(Was morgan stanley and i24) 13,000 (now mercers) Blackhorse 765 (dca, solicitor asking for 200 late payment) Tax 7,500 I know its huge! Should i declare bankruptcy? Should i let someone else make me bankrupt? Is there anything else i can do? My only hope i think is for a new start probably away from the uk at first as i think it would be so difficult. Please can somebody help me. Thank you for reading.