Why Bankruptcy Should Be the Last Option For Credit Card Debt???

Bankruptcy is the last option for any debt...

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The way to get out of credit card debt is to start a corporation, then have the corporation go millions into debt (while paying you several million a year in 'salary'). Then you have the corporation go bankrupt and just start another corporation! No harm, no foul!

If you do this five or six times, you could be president!

Bankruptcy is damaging for INDIVIDUALS. But it could be good too, because if you can't borrow any more money, you will learn to live within your income, which will make you richer all the rest of your life.

Also, just exactly what other options ARE there, if you can't keep up with your debt? Well, you could borrow another million from Dad (if your dad is Fred Trump or George Romney). You could rob a bank. Or go bankrupt! Bankruptcy is not the last option! By the time it's an option at all, it's the ONLY option!

It takes 7 years to be removed from your credit report, causing it to be next to impossible to rent an apartment, buy a car, or even finance a tv.

You basically can’t do anything for the next 7 years. You can’t rent a place, buy a car, get a credit card, etc. You’ll have to rely on whatever money you have on hand.