Bankcurptcy

Respected Sir, I have 39 lacs debt on me due to stock market loss. I have taken all amount from bank and nbfc. Now bank is filing cheque bounce case on me. Emi combining all loan become twice then my salary. I have requested them that I will settle one loan per year in 12 installment and that's way I will return money in the form of settlement within 5 years but they are not agree. I don't want to do sucide. My salary is 70000 per month but After deducting house hold routine cost there are hardly [deleted] savings remain per month and combined emi of all loans are more than 1 lac . I don't have any property, savings, gold. Can I file bankcurptcy? Will it helpful to me ? If yes then how can it will be helpful. How much lawyer charge for filing individual bankcurptcy. If I will file bankcurptcy then after that I don't need to pay loan due amount? Please help me and guide me. I would like to come out from this and live with my daughter. She is just 2 years old. I don't want to do sucide. I know the feeling when anyone lost father because I don't have father right now. Please guide me