Will it Ever End
A bankruptcy filing generally will stay on your credit record for up to 10 years, but it need not be a permanent handicap. In fact, there are laws that forbid discrimination against persons who have declared bankruptcy. For example, you may not be denied a job, be denied or evicted from public housing or be denied a drivers license just because you filed for bankruptcy.   

The emotional impact on you and your family may take some time to heal. You may want to seek emotional support by contacting a professional counselor or clergy member or discussing your problems with a friend or family member.

Making a Fresh Start
Bankruptcy has indeed tarnished your credit report, but it is still possible to gain renewed confidence from creditors. You can typically obtain credit if you demonstrate a consistent employment record and signs of financial rehabilitation. Start by opening a savings account and obtaining a secured credit card. Make the payments on time to build a positive credit profile.

During your rebuilding period, it is important to check your credit rating often to make sure you are getting credit for your good deeds. Credit bureaus are required to provide a free copy of your credit report if you are denied credit. Be prepared to provide relevant information, including your Social Security number, date of birth and addresses for the past five years. Contact the following companies to order a copy of your credit report:

Experian
1-888-397-3742
www.experian.com/consumer

Trans Union
1-800-888-4213
www.transunion.com

Equifax
1-888-766-0008
www.equifax.com

Under federal law, you are entitled to receive a free credit report once a year from each of the three credit bureaus.  To obtain a free credit report, you must go to: www.annualcreditreport.com. Once you receive your credit report, look it over carefully. Are your name, address and Social Security number correct? Do the lines of credit listed belong to you? If you find errors, notify the credit bureaus in writing and include any backup materials such as canceled checks.

A Final Word
Again, before declaring bankruptcy you may want to seek credit counseling or talk with an attorney and try to reach out-of-court agreements with your creditors. For more information see the Life Advice® article on Having Credit Problems.