Many people have an inaccurate view of what bankruptcy is for, and when they should use it. People are often taught that they should only consider bankruptcy if there is absolutely no other option, and only in extreme cases. This is exactly what the banks and credit card companies want you to think, for obvious reasons. The reality is, however, that bankruptcy laws were written to help give consumers the ability to escape credit card and other types of debt without ruining their lives. Big financial companies take advantage of every law they can to benefit their financial interests, so you should do the same. If you are struggling with credit card debt, and you need relief, Chapter 7 Bankruptcy is likely a great solution. It eliminates your debt, and in most cases, you are able to keep your assets such as your home, vehicles, and even retirement accounts. When done properly, a bankruptcy can give you a fresh start, without causing bigger issues than it eliminates.