Donald Trump declared bankruptcy and he’s doing alright. Many corporations declare bankruptcy, and afterwards do very well. It’s not an ideal solution, but it works for many people.
If you take the thoughtful step backward to get on solid ground(get and stay on a budget) instead of looking at the false allure of the quick fix that bankruptcy seems to offer, you will win (get out of debt) more quickly and easily.
Donald Trump has never declared bankruptcy. One small corporate entity of his many dozens of corporate entities declared bankruptcy. There's a reason they do it like that.