I’d heard the new bankruptcy laws were onerous. Maxed Out, which I’m reading, details just how hideous they are.
If your income is at or above the median income for your state, you are assumed to be defrauding your creditors and thus are not allowed to file bankruptcy. No, I am not making this up.
If you are allowed to file, you must go to credit counseling first. That’s private, not governmental, credit counseling, and it’s unregulated. All manner of jackal and scammer will be lurking in wait for the desperate debtor, no doubt.
And regardless of if you can file or not, you will undoubtedly get offers for new credit cards while the process is going on. Often from the same companies you owe money to.
Another tidbit. If you default on a student loan, they can now take it out of your Social Security payments. If you didn’t know, a student loan is not dischargeable by anything, not bankruptcy, not illness, nothing.