Would bankruptcy be the right thing for me?

[jules7777]

I am currently living in a home with virtually no equity and I have a car worth about £800, so no assets to loose. I live with my 2 children aged 17 and 15 both in full time education. My husband left in January to set up home with another woman and is paying £650 per month rent on a property!!

As of today he has decided he will not give me another penny, so I have applied to CSA, should get £300 to £400 per month based on his earnings. As he is not giving me any money I will not be able to pay the mortgage (£800) I have 25K of personal debt under DMP. Also have joint unsecured Northern Rock together loan with my ex. he wants to sell the house and for me to pay half towards joint loan. I cant afford this and will put my half under DMP. He is totally against this as NR will chase him for the money, hence, why he has decided not to give me any more money.

I have been informed by CCCS that bankruptcy will not affect my job (office manager with NHS no finance/accounting involved with job). So, as long as I can rent somewhere privately which is really my main concern because of children, have I really got anything to loose? Although I realise bankruptcy is not to be taken lightly.

I am confident I will be able to get back on track with my life as I cut up my credit cards as soon as hubby left, whereas he has carried on using his even though he took out a loan to cover his personal debt.

Your thoughts would be appreciated