Hi all,
Had better days

I must say. I was at a junction today, with the clutch pedal fully down and all of a sudden heard a bang noise, and the engine jump and stall.
Clutch pedal stayed fully at the floor and would not come back up of its own accord. I thought snapped clutch cable but not, tested it with breakdown recovery and the clutch arm (not sure of technical term) in the engine bay lifted with the pedal. The arm moves up and down freely, with little effort.
Cable is fine

So basically the clutch plate is now always fully engaged, with the pedal lifting the arm in the engine bay but it is obviously not disengaging it.
What could the problem be? Anything I could attempt to sort out / investigate myself being a fairly competent DIY mechanic?
I got the car (Mk3 Gti Anniversary Edition) for £500 2 years ago, but don't really want to spend a fortune on it as probably not worth it. So debating weather to just scrap it and get another car for £500.