Hope you get it sorted mate, but seriously, all this talk about bankrupcy etc on radio, tv etc, its not the option you need. You are NOT in that much debt - between me n my girlfriend we have a 90k mortgage, a 15k loan, a 20k student loan, 2k+ on credit cards etc....
We just watch the money - and spend it in the right places. I DON'T own a supra yet (and its killing me - would have got one ages ago if i could) but I'm saving money every month to pay off the cc's, and then for a house (so we can sell the flat)...
Its a case of getting priorities right. Supra's, bikes, beer -> to me they are all a nicety, and not a necessity.
Good luck mate, i'm sure it'll all work out for the best!