Hello, looking for advice on wether a trust deed is the right course of action for my current situation.

I'll try to keep this short as a lot has happened over the past few years which has led up to this, so, long story short. A few years ago I found out that my wife was having an affair with an easyJet captain, yes she's a gold digger. This was during a time where I was going through a difficult engineering course in an attempt to provide better for my wife and son. Before we separated she knew all I wanted was to keep my little boys family together which she used to her advantage. We had a joint loan taken out in 2013 which was a sum of 10k and before she moved out she managed to manipulate me into taking responsibility for this loan in my own name. I was servicing this loan for around 6 months when I realised something wasn't right about it. It was then I done some digging and found out she had added extra borrowing of around £5,400 to it without my knowledge or consent in June of 2015.

I'm on a low income despite my achievements throughout my engineering coursework and servicing this loan has been the main reason for my financial capitulation. Due to servicing this I was having to rely heavily on credit for essentials like food and car maintenance. The stress I was under also seen an increase in my smoking habit which I have since given up so naturally, my debts have increased to drastic levels. Add to that the cost of expensive legal fees every month and it paints a very dire picture. My overall debt is somewhere in the region of 25k and I'm currently on a plan set up by my local CAB. Whilst I am making the payments I need to it leaves me absolutley nothing to live on. Such is the situation that I need to go without food until I can get access to overtime at work again. To make matters worse, my sons mother moved my little boy in with her new rich boyfriend miles away and I can't cover the cost of fuel to see him even.

It's my understanding that if I were to file for sequestration I would lose my home, so this really isn't an option. I have a number of defaults to my name now which I understand will be on my credit file for 6 years anyway so the question really is, should I be looking at a trust deed rather than sticking to this debt manangement plan I'm on at present? Because at this rate it seems I'll be stuck in a rut for the next 10 years whereas a trust deed could give me a clean slate within 4, as well as a better chance to rebuild my credit.

Thanks for taking the time to read, any advice would be greatly appreciated.