Ask an Immigration Solicitor. Get an Answer ASAP.
If you become bankrupt your visa application for extension may be refused.
Bankruptcy is a process you would be aware of if that is the case. You should pay your loans and taxes. If you are struggling to pay you should contact your local citizen advice bureau.
Please rate thank you.
the information I provided is the guidance to make your application under Tier 1 Entrepreneur
You will simply not meet the requirements if you are declared bankrupt.