Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Debt consolidation vs bankruptcy? - I'm just curious as to which option is best for my circumstances...

I am a 21 year old mother, my fiance is 23. Over the years we have encountered some misfortunes being both irresponsible and young! We have accrued about 15K in medical bill debt, credit card debt and the delinquency of a repossessed vehicle from from several years ago. We are overwhelmed and ready to get our finances in order so that we can begin enjoying our kids and our lives to the fullest. We've grown up a lot over the years and we have accomplished more than I could imagine together, the good outweighing the bad by far, even for being so young. I feel that we are too young ot file for bankruptcy and the amount to small for such a negative mark on our credit. At least with debt consolidation, as the payments are made on time and our collectors paid our credit will be improving. I think that debt consolidation would be more honorable and gratifying because I'm not just wiping the slate and not paying off my earned debt as we would be doing with backruptcy. I kinda see it as a cowards way out :/. I own my mistakes, as does my fiance, we just want to make the right decision and I'm just curious as to others opinions on the matter. Thank you in advance... -