Bankrupt - the only option? Advice Please

I am in a little bit of a tight spot at the mo, so any advice would be gratefully appreciated.....

Here goes:

My partner has been suffering with varying levels of depression over the last 3 years or so... as a result our household income has been yo-yoing - this all came to head recently -we tried for an IVA - this was rejected by my largest shareholding creditor as they thought they would get a better return with a private agreement with me.

Since the IVA was rejected the relationship between my partner and I has taken a nose dive resulting in us mutually agreeing to separate (We had been together for 20 years plus)

As it stands now, I live in private rented accommodation with my two sons and left with total unsecured debt of just over £60K of which only £3600 is joint -the rest is in my name only.

I have read numerous things about the pro's and cons of going bankrupt - but am still unsure... personally I couldn't care if the house was stripped bare to get me out of this financial hole - but I am worried about the effect on the kids - My eldest is doing "A" Levels and I am concerned as he uses the internet for study - does anybody know what would be acceptable and therefore not touched by the OR. Both my kids have basic homebuilt PC's and games consoles in their rooms how do you explain to a 9 and 17 year old that they may lose the "stuff" from their rooms?


So far I have received little correspondence from my creditors - I think this is because they have only just been informed by the IVA Company that the IVA won't happen.

Any help or advice would be appreciated

Cheers

Normers