What legal options are available for debt management and bankruptcy?

I have taken loans from multiple individuals at a 20% interest rate, consolidating approximately 20 lakh rupees. Unfortunately, I invested this amount in the stock market and have lost all of it. I am now unable to repay my creditors, who are demanding immediate payment. I would like to discuss options for debt management, including potential debt restructuring, insolvency, or bankruptcy. Your guidance on how to proceed would be greatly appreciated. Please let me know when you would be available for a consultation.