Answer
If they make you bankrupt all your other debts will be included in the bankruptcy as well. but banks often threaten bankruptcy to scare you into paying up, but they will rarely carry it through unless they know you have assets a house, car, nice income etc. if they serve you a statutory debloked personally, then they are serious about it. if not, they prob wont do it. if you want to go bankrupt if may be quicker to file yourself.
