I was in the same situation exactly a year ago and didn't know what to do. Only thing was that I had debt of $17K. I kept thinking about bankruptcy or debt settlement companies but didn't up doing it.
I spoke with couple of my friends about my situation and since they knew me for like 5 years or so, they trusted me and said they will help me get out of this. So, pretty much, 5 of my friends pushed me to talk to each of my creditors and get this over with. They all gave me nearly $10K in personal loans combined. I called up each of the creditors on my own and get settlements down to a total of $11K or so. Last august was when i got completely debt free. And I have paid close to a $1k a month to each of my friends to return the loan and i am almost done with that as well.
So, my point here is that see if you can find friends or family to help you out. Then go ahead and call each of the creditors and get a settlement amount, as low as you can. One of my creditors agreed to accept 45 cents on a dollar. But I have heard many other people settle for even less than that.
Then, just workout a payment plan with your friends and pay them back over time. Good thing about that is that your are not paying interest. So, your balance will decrease and decrease over time.
Hope this helps. Good luck!