1. You can keep all the stuff you have through Bankruptcy.

Part of the job of your attorney is to "exempt" or protect your belongings so that you come out of bankruptcy with everything you had at the beginning.

2. Bankruptcy can get out of a home that's "under water," or has been foreclosed.

It doesn't matter if you're behind or not, or even if the home has already gone into foreclosure, you can get out of owing any money on it.

3. Bankruptcy does not "ruin" you, or your credit.

Normally, a person can rebuild their credit to a rating that’s considered “good” within 1 year of the time of the Bankruptcy.

4. You can keep your 401-K, pension, or other retirement plan through Bankruptcy.

In virtually every single case, the hard-earned money you have been able to save for retirement can be kept for retirement. About the biggest mistake some people make is to use their future retirement money in order to chip away at their current debt.

5. I guarantee that you have never met anyone who recommended a Debt repayment plan.

You NEVER will, either.

Budgeting is great idea. In truth however, it's a lot easier said than done. Even the most well-planned budget goes right into the tank if your car breaks down, or you encounter any expense not in the budget. That's why it almost never works. With bankruptcy, you simply get rid of your debt and no longer have to keep paying on bills that you have already tried to pay off every way you could.

Does staying broke and trying your luck with the budget thing for the next several years sound like a good idea, or would you rather get rid of all your debt and start fresh in about 4 months? Do you really think you can be the first person you know to pull off one of those TV Debt Reduction schemes?

What's the best decision for you? Should you do nothing, probably the worst decision you can make, and hope to win the lottery? Should you plan some tight budget, cut your own hair, live on hot dogs and beans, and car-pool or take the bus to work, hoping nothing breaks or goes wrong?

Ask yourself this:  Do you REALLY expect something to happen in the next 6 months that will somehow, magically get you out of Debt?

If not, then take control of your life and money, say goodbye to all your bills, and get a fresh start! For all the money you have probably spent just trying to keep up, imagine the freedom of being done with it all for a total cost of $1200!