I have recently been introducted to a debt reduction program- which sounds to good to be true. I need some advise. This program is where i stop paying my bills in order to get the credit card companies to settle. In the mean time Some indebtedness can be cured by consolidation or debt reduction. Filing chapter 13 bankruptcy, although a commendable effort on the debtor's part to satisfy unpaid claims, also has serious repercussions. Filings remain on credit Debt Reducsion bankbank.com Debt Reducsion? Home