Bankruptcy can be a step toward rehabilitating your credit. A future lender will look at your debt/income ratio and your credit history in its credit decision. After bankruptcy, your debt/income ratio improves since your debts are cleared. Bankruptcy does have a negative effect on your credit history, but most people who are contemplating bankruptcy have a bad credit history anyway. There some definite steps you can take post-bankruptcy to begin to rehabilitate your credit. If you work at it, you can rehabilitate your credit post-bankruptcy to the point where you can qualify to make major purchases. You do not have to wait until the bankruptcy comes off your credit report by the lapse of time. We can discuss these steps during a consultation. Please call to set up a free consultation.