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Wrong. Certain debts "survive" bankruptcy ie they do not get written off when you are declared bankrupt. These include mortgages and other types of "secured" loans, student loans, certain Court awards for "family" matters eg divorce or childcare
FAQ's

Can I carry on trading through my existing company if I go into a Company Voluntary Arrangement?

Yes – this is the whole point of entering in to a CVA. Before the arrangement starts however, you must be sure that there is sufficient money (or funding) available to keep up to date with your current bills as well as making the necessary payments in to the CVA. We will advise you about this before the CVA commences.