Thanks for these answers. Perhaps I should have been more clear. The total amount Citibank claim is £39k. I made an ex gratia offer of £800 - in other words, I dispute their figures, but would like to see an end to the matter. I have already provided full and truthful i&e info to them with that offer. Citibank responded with a demand for £5k within 21 days or else they'll bankrupt us. You're absolutely right that from our point of view bankruptcy isn't a big deal...we have nothing to lose! But it seems vindictive and counterproductive from Citibank's point of view - they're unlikely to make their money back over three years. For us it's an inconvenience we could do without.(posted 8010 days ago)