The quick answer is YES!
When the going gets really tough, one can always file for Bankruptcy (chapter 7, etc.), and eliminate debts legally and start “fresh”.
Is it possible to eliminate Debts legally without filing for bankruptcy?
The answer is YES…by disputing the debts administratively and legally. A couple of people I personally know tried this and according to them, their credit card debts were eliminated in few months. Read below for excerpt from an article.
How to Eliminate Credit Card DEBTS
WHY SETTLE FOR DEBT CONSOLIDATION, NEGOTIATION, REDUCTION, MODIFICATION, OR ANY OTHER KIND OF COMPROMISE, WHEN YOU CAN ELIMINATE 100% OF IT WITHOUT BANKRUPTCY?
I know. It still sounds “too good to be true.”
But listen: The court case is U.S. vs. Throckmorton, 98 US 61, at pg. 98. You can look it up. In fact, here’s a link to help you… Click Here to read the case
And basically, the court said that “Fraud vitiates the most solemn Contracts, documents and even judgments.” The banks have been caught committing fraud by pretending something came out of their accounts when they issued the “credit”, when nothing at all came out of their accounts and they have zero money at risk. Therefore, YOU DON’T OWE IT!
You need to know that one point. (But NOBODY does! Because even the media refuses to “fink” on their banking friends!)
You merely fill out and send them these powerfully-worded documents, and SNAP!
They are legally OBLIGATED to erase your debt, as if it never happened.
Click here to read more.