You can wipe out your debt legally !
QUEENSLAND ADMINISTRATION SERVICES
Debt, Bankruptcy, Financial Stress
How to wipe out debt without going bankrupt
There are a number of tools in the Federal Law arsenal that would enable someone experiencing high degrees of debt to wipe out substantial amounts of that debt, repay back the small balances of that debt interest free and yet still avoid bankruptcy.
Part X is just one of those tools and it is totally legal and does not require all of your creditors to agree to it to have it binding on all creditors.
, Debt Free
, Financial Stress