Escape From Your Debt
Contrary to what you may have heard from creditors as well as debt “counselors” or “debt consolidation services” who try to discourage you from filing bankruptcy, your credit report will not be ruined for the rest of your life if you file bankruptcy.
Yes it is true that a bankruptcy filing will appear on your credit report. However, you can also bring your credit score back up to a decent number by, for example, using a secured card [a card that requires a cash collateral security deposit] and paying off the bill on time each month. Attorney Kendall Coffman has had Chapter 7 bankruptcy clients who became eligible for home loans approximately 2 years after filing a Chapter 7 case and receiving a discharge of their personal liability for their debts.
In the end, after going through the bankruptcy process with the guidance of an attorney, you may find yourself successfully escaping for your debts.