It's often called "starting with a clean slate"  When debt is overwhelming; when the calls from collection agencies won't stop, when you have a 500 credit score: it's time to consider consumer bankruptcy. 
 
Although it’s sometimes a bitter pill to swallow, bankruptcy can offer immediate relief, by stopping the harassing phone calls, and possible further permanent debt relief.

Although it will affect your credit rating for several years; don't forget, your current credit rating is being adversely affected to the same or sometimes to a worse extent.

Each situation is different, but If you’re facing personal or professional financial problems, contact the Law Office of Timothy Ciaffoni.