How Can I Get Out of Debt When I Am Unable to Make My Payments?

debt

I am a music artist involved in a couple projects right now that have the look excellent of furthering my career into a profitable one, but I keep spending money on them and it’s keeping me from having enough money to make my creditors payments. I have credit card debt and school debt as well. I have thought about starting a company to legitimise my efforts, but will my company become in chance if creditors see it as an asset? Also, it might be hard to even start a company with terrible credit, right?