However, to the uninformed, you need to know that there are many ways to achieve debt elimination without declaring bankruptcy. You only need these: 1) Help - If you are unsure of how to accomplish debt elimination without declaring bankruptcy, you might want to get some help. Thankfully enough, there are a lot of debt elimination services that you can contact to help you with your goal. This means that good debt elimination services should be able to help you come up with a whole new payment plan involving lower installments and lower interest and fees. With this, you will be able to eliminate your debts quite easily. 3) Advice - Good debt elimination services will give you the advice you need ingoing about debt elimination. Before you try out the debt elimination program, you need assurances that the program will be able to help you manage your finances. Many debt elimination companies out there will offer you the services of a professional. This professional will then offer his or her expert advice on what type of debt elimination program you need. In the world of business, one can never be so sure. As a matter of fact, the business world is like a rotating wheel. Sometimes your business may be experiencing its glorious years and at times your business may also be down. As a business owner, you have to be aware of this fact. You should not expect that you will always be on top of the world. However, bankruptcy is actually more common than you might think. When a company no longer has the ability to pay off creditors, the company often declares bankruptcy. This immediately dissolves your debt. However, certain consequences come with bankruptcy. If you make use of this business debt elimination strategy, your net income will be restricted for three years. When you get help in credit card debt elimination, you will accomplish your goal faster and easier. 3) Have a plan - All people want to eliminate their debts. However, one thing that prevents them from doing so is a lack of plan. When people truly want to accomplish a goal like total credit card debt elimination, a plan will go a long way in helping them do it.