Reduce Debt/ No Bankruptcy

If you have never experienced being in an active bankruptcy, and are considering filing one then you need to first imagine how long a period of ten years is. That is how long it takes for a bankruptcy to come off of your credit record. Believe me, Ten years is a long time. You cannot get a cell phone, credit card,a car loan,or even pass a background check for a job application. Multiply these few items by 100. Everything you go to do will be beyond your reach. You can get some financing but it will be at phenomenal high rates. If your in this situation in the first place you probably won't be able to afford it.
I know when it seems like things are at their worst this may seem like the easiest way out. I know its hard to even sleep at night. It's not a way out. It is just creating a larger problem.There is no easy way out.
The best thing you can do is to get a plan into action to liquidate what ever you can, get your debt paid down as low as possible, and get on a debt consolidation program.
As long as your on this program, a negative credit report cannot be solicited about you.
I would also recommend getting on a great positive mental program to get focused and re-aligned in the right direction. Positive thinking can move mountains.
You can do this program in a couple years and save youself the embarassment of eight years of rejection.