You are making a mistake comparing your debt and government debt. It is totally different what you do and what the government does and in economics this is considered a major fault to compare micro and macro scale.
This is called "fallacy of composition" and it is common mistake for people with very limited knowledge of economics.

Also the high debt doesn't necessarily mean that inflation will rise. You need to understand that high debt to be combated requires less liquidity in the market. In case the government keeps printing new money then inflation will reach higher and may even reach hyper inflation as we have seen in history. The countries that didn't officially declare bankruptcy but combated high debt and assured lenders by paying back the loans, they succeeded in having their economies less devastated and free of inflation. It is a lose-lose scenario, however it is about how to proceed with having the less dire consequences.