These generally call for friendly workouts. Here personal relationships play a strong role. If the relationship means that much to you it probably means just as much to the other party and they will understand if the terms of your loan need to be modified. In most of these situations I see the loans end up paid in full but not under the original terms. I would call this a workout.
Some debtors feel they never want a credit card again.
Others can't live without one. If over use of credit cards got you into trouble you might be better off without any. Otherwise remember you probably won't be able to get one for a few years. Sometimes debtors pick one card and pay it in full so they can keep it. I gennerally find a better option here is a debit card or secured credit card.