If you make use of this business debt elimination strategy, your net income will be restricted for three years. Legally, you say that you don't have any money left. Because of this, the government will be obliged to see to it that your claim is true. You will also not be able to touch your assets, since you technically do not own anything. By maximizing your resources and making use of your personal network, you can open up the possibility that a company will listen to your need for a good debt elimination plan. 2) Information - You need to gather a lot of information in order to come up with a viable debt elimination plan. You need to know what a company wants and what a company will agree to. A good debt elimination service should teach you how to think about the consequences before you spend money on anything. b) How to get rid of your current debts - This would be the most important advice that a debt elimination service can give to you. If they cannot give you a plan, debt elimination services should be able to give you some hints and tips about eliminating your current liabilities. As said before, it does not really take much effort to give up. In order to accomplish debt elimination without declaring bankruptcy, you need to be totally committed to your goal. Commitment means doing whatever you can to accomplish your goal. It means that no matter how frustrating things seem, you will stick to your plan. You do not need another company who wants to take all of your cash. 3) Personalization - A good debt elimination program should be suited to your needs. Many people out there say that they have the perfect debt elimination program and then demand people to pay them a lot of money for their secret. However, you should not be deceived by this type of offer. Taking things to the court. Now this must only come as the most last resort. If negotiation and out-of-court settlement do not work out, then it is high time to take the matter to the legal proceedings. But then you can be assured that the matter will be withheld for a long span of time and it will be costly too.