Yes. Debt collectors are required to stop debt collection when you file bankruptcy and the phone calls and letters will stop almost immediately as well. If a debt collector contacts you after you file for bankruptcy, or the debt is discharged in bankruptcy, you may be able to sue them for a Fair Debt Collection Practices Act violation.
Bankruptcy will prevent these, even if just temporarily. It may give you the opportunity to stop a foreclosure and begin mortgage payments again. You may also be able to keep making car payments or give up the car and get one that is more affordable. You will also be able to stop garnishments and lawsuits against you will be dismissed.
While you may see different prices advertised by bankruptcy law firms there’s really only one generally accepted price. This is because it is either the acceptable market value for a Chapter 7 case, or a stated price for a Chapter 13 case where the bankruptcy trustee will not challenge the fee.
It’s usually just marketing a lawyer may advertise for $995 but there’s probably fine print for extra fees that others will include in a flat fee. We have a flat, up front fee so there are no surprises.
Most people already have a low credit score by the time they file bankruptcy so the damage to their credit score is minimal. What most people don’t realize is that most people’s scores rise after bankruptcy because they’re either debt free or able to make payments to debt that wasn’t wiped out, such as a mortgage or car loan.
More importantly, when a strategy is followed someone that has filed for bankruptcy can get to a very good or excellent credit score within 6 to 24 months.
No. While your spouse may want to file bankruptcy as well, depending on the types of debts both of you have, they are not required to.
While bankruptcy is technically part of the public record, someone would need to know how to search court records and specifically search for you.