Bankruptcy is a definite method for becoming debt free. That is a reality and has been that way for half a century here in the United States but along the same lines as federal bankruptcy in theory alone are the numerous debt consolidation loans agencies online and in house that exist to do the very same thing as bankruptcy but with less of an overwhelming impact.
These debt alleviation firms are in existence today to do one action and one action alone to limit the amount of consumer debt that exists in the homes all across the United States. One other factor that these debt firms are really good at is the taken away from the federals the amount of people who had no other option but to file for chapter 7 or 13 bankruptcy filings. Time and pressure is what is needed to withdraw the millions that file each year for bankruptcy and this is one of the benefits of a debt relief program. To learn more about this issue, visit http://debtquotes.com for some help and advice.