Forbes has a good article about debt elimination schemes.
James Krage, who runs Stopbankfraud ("The banks lied to you & stole your money!"), says the system he sells involves getting bank officers to admit on depositions that they somehow "lied" about the promissory note backing a mortgage. "We have proven fraud on the bank," he asserts in a conference call with a woman who says she handles the debt elimination. "I wish you well, because you've hit a hornet's nest," the woman says darkly, in between offering up conspiracy theories about the Kennedy assassination, Sept. 11 and the Lindbergh baby kidnapping. If you have to deal with folks like these, probably better to keep your debt.
That last sentence sums up my views pretty well.