If you are in trouble with your finances, you have a few different options. Make sure you examine all of your options before deciding how you will get yourself out of debt. Consult a financial advisor if you don't know what option will work best for your situation.
If you are overwhelmed with debt, you need a fresh start. Even though these situations are grim and hard to go through, the fresh start they give you is so worth the work. Imagine not having to worry about creditors every time your phone rings!
When you finally get that fresh start that you worked so hard for, make sure to remember what you learned from your mistakes. Try to actually write down what went wrong with your finances and what you can do in the future to prevent problems.
You may worry what your peers and family will think of you when your financial situations get to the point of bankruptcy or debt agreements. Even if you are getting a bad reaction from those around you, you've got to keep your mind focused on the goal—your fresh start.