Debt consolidation or Debt Negotiation

What is the difference in consolidation or negotiation or even bankruptcy? They are seem like a way of cheating the person to borrow the money from, from not getting there money and you did borrow the money in good faith. What what do you do if you can no longer make the payments because the economy has got so bad that you lost your job and have not way of paying it.

Well debt consolidation on unsecured money seems like it would not be any good because with that you are putting your self into get a contract that you may not be able to fill there for it may be easier for the company to take your money.

Bankruptcy is another way out because you will probably not have to pay your money back but then you are also cheating the companies out of there money you borrowed. That should be the last resort you should take as that will make you look bad for a very long time or may stay with you for a long time.

Debt negotiation may be the best way to go as you are telling the companies you are trying to pay your debt but can not seem to because you have lost your job. They will probably say if you can pay this much then we can do something. If you do have some property I'm not sure if that is a good idea because are they able to come back and that your property. So if none of these options work for you what are you to do, especially if no one will loan you the money to pay them. I wish someone can tell you what to do.