Hello, I lost my business over 5 years ago and went through a very dark time in my life shortly after. I let my finances go and had a string of unsecured debt build up unpaid (a phone bill, credit card debt, small personal bank loan and energy bill) and they total about $20k. I would be open to an arrangement, BUT I am told that this will reset the clock and it will be a struggle to pay. They show lodged on my credit file in 2009 and the latest in 2011 - It says on the credit file that 3 will be deleted in early 2015 and one in 2017. I have now got a credit company called Lion ( debt collectors) ringing me to pay these debts and don't know what to do. Can they make me bankrupt if I don't agree to pay or is it best to arrange payment ? Or will this reset the clock? I have lived a half life because of this hanging over me for almost 5 years and just want this mess behind me. Please help.