Thank you all for your feedback and advice. My hearing is next week and I have had agreement from my other creditors and have been paying them however this one has asked for a large lump sum upfront that I am not able to meet. (Unfortunately they will make up over 25%) I have offered to pay it on sa...

I have been served with a bankruptcy petition and although I have tried to come to an arrangement with the creditor this has not been accepted. Therefore with my other current committments I do not have any other choice but to go bankrupt as the value of the debt with the petitioning creditor is gre...