Paying huge debts could really be a night mare for everyone. Feeling regretful at this point, when you are nearing bankruptcy, could be your initial reaction, but this would not help you. Instead of letting yourself be eaten by despair, you should think of ways to get out of debt.
One option could be looking for free debt consolidation advices that you could apply on your situation. However, there is no assurance that these would work on your problem. Some instead consider availing the services of debt consolidation companies. For a fee, these companies could help you out do the negotiation to the other part so you could settle your obligations in a favorable set up. Do not declare bankruptcy as it would affect your general credit rating. Be careful in choosing which company to trust, by the way. The company could help a lot in providing counseling you in terms of handling your finances as well.