Initially, people can be very nervous about getting a "fresh start" with bankruptcy. The process seems difficult and scary. People worry about their credit report and if they will ever again get credit. Bankruptcy attorneys address this question all the time.
True, a bankruptcy filing is not going to help someone's credit score–initially. But, if a person does nothing, the delinquencies with credit card payments, medical bills, repossessions and other items that are appearing on their credit reports will do its damage, too.
After someone files bankruptcy and discharges their debts, they can immediately start to re-build their credit. To re-build credit you can do many things. You can obtain a small credit line on a credit card. It can be a secured credit card. It can be a Visa, MasterCard, American Express or Discover. And make sure you pay it off each and every month. You can obtain a small installment loan from a bank (like SunTrust, Bank of America, United Community Bank, Renasant, Bank of North Georgia or a credit union like Georgia's Own or Delta) for a car and make sure you pay it.
When you discharge your past debt, your debt-to-income ratio part of your credit score can actually improve. Credit scores are done by Experian, Trans Union and Equifax. Stick with a plan to re-build your credit and you will find that mortgage lenders and retail stores and car dealers will now say yes to your credit applications when previously they would not even want to see you.