It's only 10 years doing what your doing now. Who says things won't change for you in the very near future. I'd need to be at rock bottom to go bankrupt. I've been skint but never owed lots of money. I've borrowed and paid back. Going bankrupt fucks up lots of things in future....trying to get a house is the big one. When you can't get a phone contract, couch or tv even though you know you can afford it it will piss you off big time. I'd think carefully before doing it..
i can't see me getting a house mate even if I did pay it off over 10 years the value of houses round this area is too high