Bankruptcy is not the only solution for managing debt; you can also seek help from your creditor in the beginning. If you have good convincing power you will be able to finalize a solution like a payment option which would be different from the current one. Talks are the primary weapons which often work if you can explain your position. If you are able to cut down the monthly payment to minimum by getting rid of late fee, even then you can tackle it. Else, pay heed to some of the solutions suggested here.
You can pay all your debts by withdrawing money from your savings account. It is however a foolish choice to use up retirement accounts. Such accounts are safeguarded during bankruptcy and this is your support for future, so keep it aside.
Consumer Credit Counseling Service is another option in this regard. A repayment plan can be made with their help as they are a nonprofit organization working for the benefit of the people in debt. If you have a due balance, try sorting out with the creditor this will be of great help.
Third option available to you is debt consolidation. Under this, all your outstanding debts can be transformed into a single loan instead of paying individually to multiple creditors. Do not lose your home in the process of paying for your credit card debt as often such cases have happened.
While choosing counseling services make sure that they are not profit making organization in guise as they can easily lure you into debt consolidation program by demanding fee from you which will only burden you with more debts. It might happen that instead of the creditors the initial payment will go to them as their fee which is simply not happening. Do not forget to remain alert during such trying conditions.