Debt relief refers to the reduction, stoppage, and either partial or complete forgiveness of a debt. Debt relief is a growing problem worldwide. In fact, debt relief is a term applied to individuals, small or large corporations and even countries. As the recession increases, more nations, companies and individuals seek debt relief. They do so relying on the services of Chapter 7 or Chapter 13 bankruptcy laws. Many also turn to debt relief agencies, debt management firms, debt consolidation services and debt counsellors. Choose the best method suitable for your debt problem. Be sure, however, to avoid the numerous scammers in the debt relief industry. Some debt counsellors are not legitimate. They either lack the credentials or have ties to credit card companies. Other debt relief agencies attract debt stricken and desperate customers with inflated or misleading promises of immediate debt relief. This is not possible or plausible and is merely part of a scheme.