As Luluj suggests, you do need to speak to a couple of different insolvency firms so that the full picture can be examined.
If you wish to try something informal first, you could contact each creditor and request they freeze interest for a period to give you a bit of a recovery phase -- they may or may not co-operate. A firm such as Stepchange might do this for you in the form of a more formal Debt Management Plan, but still a relatively informal short term solution to allow some breathing space.
But a full and frank chat with a professional, or two, is advised.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk