Hobo, he is servicing the debt and still has £400 left. Why would he be in danger of bankrupcy?
Because from the way he has avoided saying he is heavily in debt and has also stated that he has spending issues, along with actually having a mortgage and a £30k loan it seems to me that the guy has more outgoings than just the Mortgage and the loan. Just by moving debt about doesnt actually make you more sensible with your money.
I have a brother in law in a similar situation. I also call him a bankrupt, cos he will be in the next couple of years IF HE DOESNT DO MORE THAN JUST ALTER THE STRUCTURE OF HIS DEBT