Chocs
You are at a crossroads now and the decision that you make regarding your debts is critical and will affect your life for many years to come.
Firstly with a BK petition you have to act quickly and decisively.
Spend the weekend researching this site,because on here you will find real honest and unbiased advice and support regarding debt.
An IVA is a brilliant way to sort out your debt problems,I am someone who has been through one and come out the other side.However you must choose a good company and it,s so important that you speak to several before committing.The companies that post on this site are all bona fide.
A DMP will,in my view,not stop your bankruptcy so be sure to speak to an Insolvency practitioner about the possibility of an IVA.
Regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp