(Special thanks to the FTC for providing much of this article)
Produced in cooperation with the American Financial Services Association

Debt got you down? You're not alone. Consumer debt is at an all-time high. What's more, record numbers of consumers-nearly 1.5 million in 2001-are filing for bankruptcy. Whether your need for debt relief is the result of an illness, unemployment, or simply overspending, it can seem overwhelming. In your effort to get solvent, watch out for advertisements that offer seemingly quick fixes. While the ads pitch the promise of debt relief, they rarely say relief may be spelled bankruptcy.

(Special thanks to the FTC for providing much of this article)

The basics of filing for bankruptcy (and some ways to avoid filing for bankruptcy and going to court) are outlined in this article. This article also talks about why it's good to have a prepaid legal plan.

No matter what the ad states, a poor credit history can’t be erased...but there are some things you can do.