Well, bankruptcy is an admission of defeat. You are essentially saying that there is no way you can recover financially. Declaring bankruptcy is essentially like saying that you have no future left in a certain business. This type of business debt elimination not only kills your debt, it also kills your future. People work to earn cash. They work to have the little conveniences that make a life worth living. This empowers them. They are motivated to work because they know that there will always be a reward at the end of the fight. However, if you are in debt, you will only be working to pay off your liabilities. 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. This includes advice on: a) How to avoid more debts- Good debt elimination services will be able to give you advice on how to keep debts at bay. Included are debt consolidation, debt management, debt settlement, debt negotiation, debt counseling, and a lot others. The most popular and legal debt elimination technique is by procuring debt consolidation loans. The payment for very overdue loans will obviously require you to pay for a large interest fee. A plan will help you gain a clear perspective of your problem. At the very least, a plan will help you react automatically if you encounter different obstacles on the road to debt elimination. 3) Commitment - Although no one can truly blame a person for declaring bankruptcy, such action is usually taken as a sign of defeat. Debt elimination can be a long process. However, many fake debt elimination companies today offer you documents that they say would eliminate your debts without you having to spend a single cent. This is definitely a scam. 2) They can negotiate - If you think that all a debt elimination company can do is give you advice, you would be mistaken.