Trying to address financial issues is often like going through the stages of grief. You may first deny that a problem exists and then feel angry that your situation became this overwhelming. You could also consider bargaining as a way to lower your outstanding debt, only to find that this tactic does not have the desired result. Unfortunately, your predicament may even lead you to fall into depression because you feel without hope.
The final stage of grief, and hopefully also of your struggle with financial issues, is acceptance. Once you accept that you have serious financial problems that need real solutions, you may feel ready to consider realistic debt relief options, like bankruptcy.