And as you dig out of the hole you're in, you will probably think about seeking help. There are many credit counselors and bankruptcy lawyers out there who advertise themselves as people who can help you in your time of need. Some of them are legit. Many are not (and, might I just say, that anyone who takes advantage of people who are in financial trouble is a complete scumbag and should be publicly embarrassed and prosecuted).
To find out who's worth talking to, start here:
1.) For credit counseling, go to the National Foundation for Credit Counseling (NFCC.org). They can help you figure out who might help you in your local area.
2.) For personal bankruptcy, go to the National Association of Consumer Bankruptcy Attorneys (NACBA.org). They can help you find a lawyer and help you understand the complicated personal bankruptcy process: who should you hire, how much will it cost you, should you file, should you seek Chapter 7 or Chapter 13? Tough questions.
And as always, be careful. Be skeptical of all the people you talk with. There are good folks out there who will help you, but unfortunately not enough of them. Take time and care to find help. Remember, you are the one who needs to be the boss of this process . Take time to learn. And good luck.