Don't...
...go bankrupt, whatever you do, my parents did when I was a kid and it was the worst thing ever, and that was back in the good old days when we didn't need half the credit we do now.
Ask yourself this: What would life be like without a credit card? No cheap internet deals, no paying for things online, on the phone, whatever, everything having to be done with cash. We live in an "almost" cashless society, without the possibility of credit you're a second class citizen. I know going bankrupt is less of a stigma than it used to be, and easier to do so, but it will remain with you for a very long time, we might forget but banks have very long memories when it comes to this kind of thing (if not for where they put your savings).
So go if you want to (I know nothing about the CSA thank God, so can't comment) but don't come back to bankrupcy. Better to get a job outside of the UK and pay off what you owe than come back and go bankrupt, I'm sure there's plenty of jobs you could find. If you do though, do it legit, there's enough ex-pats working on the black in the EU to give all of us a very bad reputation, do those of us who plan to stay a favour and do it properly.
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