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Small businesses or small scale entrepreneurs in most of the cases do not qualify for debt settlements especially these days when the economy is not doing so well. This means that business debt help as a business problem is greatly needed by so many individuals that are running businesses today. The reason for this is not only the economy not doing so well but for the fact that there are so many businesses that relied heavily on credit cards and this increased the debt that they owed. When the economy started to suffer, most of the business owners started to blame their losses on the credit card, forgetting that they had depended on it. Luckily enough, the government came up with a method where it cancelled a certain percentage of the debts that were owed by the credit cards. This was done to allow most business owners to continue paying for the debt and at the same time continue with the business.