If the shoe were on the other foot, you would want to be paid what is owed, wouldn't you? Look at your budget, speak honestly with those to whom you owe money,

If the shoe were on the other foot, you would want to be paid what is owed, wouldn't you? Look at your budget, speak honestly with those to whom you owe money, and work out a payment plan. If that absolutely can't be made to work within your current budget, borrow from lenders like friends and relatives (parents and siblings). Write everything down including the amount borrowed, and the interest you agree to pay (if any). Make sure you record all payments made (it is so easy to lose track of this information). I DO understand the need to claim bankruptcy in certain situations, but the burden of 20k can be divvied up.