Post Bankruptcy

One of the outcomes of filing bankruptcy is the silent phone... collection agencies and lenders must stop bugging you for repayment once they receive the court mailed notice delineating the outcome of the bankruptcy proceeding.

Bankruptcy stays on a credit report for ten years, but you could still apply and be approved for a debit or credit card.

You will have a chance to start "fresh". You are not the first, nor the last, to find yourself on the short end of the financial stick. You find yourself in some pretty austere company, including Thomas Jefferson, who found himself with huge debts he was unable to pay and filed for bankruptcy many times. However, the new law was not in place in Jeffersonian times.