First Year After Bankruptcy
Learn to Live on Cash
After you have completed the bankruptcy process, you will go through a short period of time in which you should learn to live on a cash basis. You will not have credit card accounts and getting a bank loan will be nearly impossible. During this time, you can start doing some things to improve your credit-worthiness, including applying for a secured credit card and making ALL monthly payments on time for your mortgage, car payment, and other payments you maintained through the bankruptcy. If you are looking for a new apartment, you may find that certain complexes will not accept your lease application.