Extremely high interest loans costing more than rent

Made some bad errors in a bad mental state along with thousands in car bills I had to borrow for, and now, to keep it short,

I have 4000$ in loans at over a 300% interest rates with daily, around 40-50$ charges on one of them. I’m spending more making 2 payments a month to these 2 than I am paying rent. It adds up to around 1500$ in monthly payments

It’s entirely unsustainable.

I also have 4500 in other debt at a 17% rate.

Bankruptcy? The high interest loans are completely my fault, but really, bankruptcy is the only way out of this right?

Sorry if this is poorly formatted or something