hi - yes, i'll only be able to keep up the dmp payment for two years, until i retire, which is why i think bankruptcy may be a better option? thanks

I have unsecured debts of approximately £47,000 with 10 creditors. I am 58 years old and due to retire in two years time. I earn £1123 net per month and would have approximately £700 residual income. I have just looked into a debt management plan which would take 6 years one month to pay off all my ...