Answer: You could go bankrupt and be done with it, or you may want to look into a Debt Relief Order.
How much are your monthly payments to the DMP?
I know it can seem like it takes time to pay the debts off, but if you are paying say £100 a month and your creditors have frozen the accounts, you could be debt free in 50 months or so, which is just over four (4) years. It may sound like a long time, but for many people avoiding bankruptcy is something they want or need to do and if they are to go bankrupt, they are bankrupt for 12 months and could be required to pay into the bankruptcy for three (3) years.
I hope this has answered your question.For more information and assistance, please complete our eligibility form at our web site www.debtmanagement.co.uk or ring us at 0800 690 6853.