If you really need to get rid of your debt, perhaps bankruptcy seems like the most viable option for you at the moment.
The thing is that bankruptcy is not that great, especially since there are so many options out there that you can use to clear your credit card debt or other type of unsecured debt you might have.
Your credit card company doesn't like bankruptcy either because they don't get anything.
Also, if you are going to file for bankruptcy just keep in mind that you need a lawyer and those can be really expensive.
Sometimes people who file for bankruptcy cannot meet the criteria imposed by the government in order to benefit from bankruptcy.
The government introduced new harsh rules in order to keep people from abusing the system.
Make sure that you meet the criteria and you can choose bankruptcy.
Usually you have to prove that your income is less than the installment needed for your debt to be paid for an amount of years.
Many people cannot choose bankruptcy because of that rule and they turn to other options, more suitable for their needs.
But if you really want to avoid bankruptcy because of all its advantages, a good thing would be to start a debt settlement process.
This means that you will hire a company or a lawyer to represent you and obtain a reduction for your debt.
You can also represent yourself but that's not advisable because you won't be able to do negotiations properly.
Also, keep in mind that the higher the expertise of the person you choose is, the more likely you are to get a big reduction.
So if you have unsecured debt you should definitely choose a debt settlement program instead of bankruptcy, which will keep your credit card safe, your reputation clean, and it will spare you the difficulties the bankruptcy process implies.
Make sure that you get enough information about debt settlement and about the suitable option for you before taking a drastic decision.
Some companies offer free financial advice, so make sure that you go to them first.