I suggest you speak to an IP or a solicitor asap. How much are your debts?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It is possible that an IP could get the BR petition delayed while you explore an IVA --- the outcome would then depend on the creditor involved accepting the IVA rather than BR if they have the voting power to refuse an IVA. But -- you are leaving things very late so I would be talking to an IP asap.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk