How can i get rid of our debt ?

i&my friend runs a small business of sub -brocking stock,few months ago during a crash in the share market we were ruined.

if by ruined you mean that you owe a lot but have nothing of value left to sell to pay off the debt, then declare bankruptcy to keep the creditors off your backs while you start over again. that's what even the richest people do. you can never shy away from anything productive, though, because if you do and stop everything, how else can you pay off what you owe if you do not earn anymore. life is such a paradox.

There is some useful advice here.

just do as dick and jane did

Recover your debts and if there are not any then you will have to work real hard and have the blessing of the one above

Looks like you and your friend "playing" stock excessively than the risk that you can take.

Try change your style to value-investing instead of hoping taking quick profit which carries very high risk, as you are fighting against the big boys and hedge fund.

For the debt you incurred now, I suggest you to meet up with your banker to negotiate for a debt repayment plan over a period of time. During the repayment period, try learn the lesson, what has gone wrong and how would you do it next time.

Do not use the credit line from your Credit Card to cover the debt, as the interest in the Credit Card is way higher.

Good luck.

I don't think you have choice but to declare bankruptcy and start over.
Sorry to hear about your misfortune

Pay it off.

Start over.