These days you really need to understand the law.
Don't get so deep in debt especially if you have assets like a property:-

Unsecured debt: charging orders

As we noted above, however, it isn't just those with outstanding secured debts that are risking their homes.

Those in arrears on debts above £1,000 can be subject to Charging Orders.

How they work

The first thing you need to know is that Charging Orders can only apply to those who have a county court judgement (CCJ) against them.

However, those that have or are at risk of a CCJ sit up and take note: a Charging Order can be applied to the debt at the same time as the CCJ or after even if the debtor hasn't missed any of their repayment instalments.

The 'charge' is placed on the debtor's property by the judge, they can technically be requested and not granted but they make it through this stage in about 85% of cases.

As a result, the lender has a right to take any money made through the sale of the property as repayments.

The lender can't actually force the borrower to sell their home with the order, it just makes them first, or second if the home has a mortgage, in line to get money if it is sold.

But the lender can get another order - an 'order for sale' - to force the property sale.

This is very rare mostly because it's not in the lender's interest to force sale

Source:-http://www.choose.net/money/guide/faqs/house-risk-debt-charging-orders.html
The law gets tougher each year on debt...........
Personal bankruptcy is also not the 'soft option' as it used to be...