Will filing bankruptcy stop calls from debt collectors?
Yes, filing for bankruptcy will stop calls from debt collectors in most cases. When you file for bankruptcy, an automatic stay is put in place that prohibits creditors from continuing to contact you or taking any collection action against you. This includes calls from debt collectors.
It’s important to note that the automatic stay only applies to unsecured debt, such as credit card debt and medical bills. If you have secured debt, like a mortgage or car loan, the creditor may still be able to take action to collect the debt, but they will have to get permission from the bankruptcy court.
Also, it’s important to keep in mind that the automatic stay is temporary and may only last for the duration of your bankruptcy case. After your case is completed, the automatic stay will be lifted, and creditors may resume collection activities, including calls, if you still owe the debt.
Filing for bankruptcy can provide relief from harassing calls from debt collectors and give you the opportunity to get a fresh start with your finances. However, it’s important to understand the implications and consequences of bankruptcy, and to seek the advice of a qualified attorney to help you determine if it’s the right option for you.