The alternative options to being made bankrupt might include a Debt Relief Order, or an administration or an Individual Voluntary Arrangemement (IVA).
If you owe very little you should read up on Administration Orders
If you owe material amounts you should take specific advice from a Licenced Insolvency Practitioner.
Before doing that, however, you should read up on :-
For FREE INITIAL ADVICE at a meeting please contact Purnells Licenced Insolvency Practotioners. We provide advice on debt relief, all the options and the pros and cons of each option.