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Bankruptcy may wipe out most or all of your credit card debt and stop all credit card communications, bills, lawsuits or otherwise.
When you file for bankruptcy, there is an automatic stay against your creditors so they may not continue collection efforts against you. That includes the debt you owe on your credit cards. Many people file a bankruptcy so they may discharge all or some of their credit card debt. It’s a common story and complaint – you feel like you are paying the minimum or a little more than the minimum but the balance does not seem to go down at all.
For most people who file a Chapter 7, many will pay nothing to the credit card companies.
For most people who file a Chapter 13, they may pay only a small fraction of their credit card debt. And, interest, late fees and penalties stop accruing once you file the bankruptcy.
Most people find they receive new offers for credit a month or two after their case finishes. If you have had unexpected life changes or where credit card debt became larger than what you could afford, Chapter 7 may allow you to write off that debt.