Okay, so Im here looking for some good advice, I have been researching and trying to figure out what Im going to do.

See I am in debt by more than 100,000.00 and I am unable to continue paying my credits. My wife got very ill last summer and she cannot go back to work, so there went have our income. Since then We have been getting calls from creditors all day and night.

The DR recently told her she will not be able to ever go back to work. I have some savings but if I use that to pay out my debts, I will be working until I die! (and still wouldn't be able to finish paying the 100k)

I am considering bankruptcy but my wife seems to think we should try doing Debt Settlement, I dont see how settling your debt (not paying in full) is going to safe our credit.... I dont want to waist my life savings paying these debts, for them to just come after the remaining balance later on.

Does anyone know how this debt settlement thing works? Will it be better for us to just go with the BK? I want advise from someone who has actually used a debt settlement company, Please

Best Regard