You will now be able to concentrate on restoring your credit and this is no easy chore. It is obvious to all, that if you did file for bankruptcy it was because you could not manage your credit in the first place. This will make finding another credit all the more difficult. This does not mean that you will never have a chance to; it just means that from now on your financial life habits will have to change.
How can you rebuild your financial status if you cannot get credit? This will depend principally on the type of bankruptcy you filed for. Bankruptcy filed under Chapter 13 will bind you for five to seven years, whereas filing under Chapter 7, means your bankruptcy history will stay on your credit report for about ten years. Nevertheless, during this time you will find it hard to get your financial status back, in addition to the fact that credit will be a near impossibility. This does not mean you cannot get the pieces back together again.
Depending on your income you will have to adapt to your new condition. If you still have a property and pay a loan to the bank, keeping on time with your mortgage payments will be an asset for any future credit request and will enhance your credit report, although not all properties report to credit bureaus.
Try taking on a new outlook and treasure your past experiences. Most bankruptcy attorneys and financial analysts suggest that the right attitude and perseverance will help a great deal after filing for Chapter 7 and 13. The sooner you get back in after bankruptcy the sooner you will recover from the aftermath of bankruptcy. If you keep a positive attitude, this will make a real difference.
Change your financial management strategy, keep your payments up-to-date and do not let them run late. With professional help from an attorney or law firm and again a financial analyst, you can plan a financial scheme and even obtain a new credit without having to pay exorbitant fees or interests due to your past mistakes. Seeking advice from a bankruptcy attorney can help you get into step once more.