Last road for many to go through when attempting to escape a devastating debt issue is the course of bankruptcy. For good reason a huge amount of debtors would like to avoid bankruptcy. The corrosive effect from filing for a bankruptcy proceeding is usually long lasting. Without even mentioning the public embarrassment of needing to go through this process. Then the effect on your credit is very bad and lasts up to 10 years. I need to get rid of debt before it costs me to much.