1. Manage your Debt through Bankruptcy

2. Negotiate with Creditors
if you lose hope or get frustrated, don’t give up – there are multiple ways to tackle any problem if you keep at it long enough -The first thing to do about finding solutions for your situation would be talking about it openly and honestly with someone that won’t judge you.
3. Do It Yourself Solutions
More and more people are taking debt recovery into their own hands, both to save money and because it’s so simple to do. Debt-recovery specialists often get higher commissions than regular lawyers—but they also charge higher fees. So, why not do some research on your own and see if you can recover your debt without a lawyer? We put together a list of five tips to help you get started with DIY debt recovery solutions. Keep in mind that these are just suggestions and every case is different; we encourage you to speak with a lawyer before pursuing anything on your own!
6 Mistakes People Make When Trying to Recover Debts: Lots of people try to work out payment plans or figure out ways to settle debts all by themselves…and wind up making big mistakes along the way. To avoid common errors, here are six things you should keep in mind when trying to recover your debts:
1) Never Make Early Payments: One of the biggest mistakes consumers make when trying to collect overdue payments is getting too eager about early payments or partial payments. Every time someone makes an early payment or partial payment, they simply increase their balance due.
2) Only Work With Companies That Will Provide Proof: If a company won’t provide proof (like a tax certificate), don’t deal with them! You want proof that they’ll be able to pay back whatever debt you agree upon.
3) Be Careful About Signing Anything: Unless necessary, never sign anything until you’ve checked with a professional first.
4) Don’t Confront Family Members Directly: While confronting family members about money owed might seem like a good idea, it’s best left up to professionals like attorneys who know how to handle financial situations sensitively and legally.
5) Don’t Say How Much You Owe Until They Ask: The last thing anyone wants is for others to find out how much money is owed on a bill — because then there’s no incentive for others to pay off what they owe to protect their reputation from becoming known publicly.
6) Negotiate a Discount Before Going Back to Someone Who Owes You Money: It doesn’t hurt to ask for discounts if you’re dealing with someone who owes you a large amount of money. Even if they say no at first, most likely they would be willing to negotiate one later once they realize how important it is that they pay their debt back as soon as possible. Then again, whether or not discount negotiation works depends on each situation . . . because people are unique and money is, well, it’s money.