With recent new laws, bankruptcy is less attractive than ever as a debt solution. It is now harder to be eligible for bankruptcy, and it still takes seven years to get it off your credit. It can keep you from getting a car loan, a mortgage or even a credit card. Don't rush into bankruptcy without seriously considering all of your options. And don't depend on the attorney or bankruptcy specialist with whom you are working to suggest alternatives. They support themselves with these proceedings, so they have very little motivation to help you find alternative debt solutions. Here’s a great tip -- find a financial planner or analyst you trust and let them help you identify all of your options. This will help you make a better decision.