After my bankruptcy requirements are completed, what happens?
When you complete all your duties in bankruptcy, you will obtain a type of discharge, which is the official certification of how it was completed.
Your personal bankruptcy will be a permanent part of your life history. When asked if you have been bankrupt, you must always answer “yes”. To do otherwise would be untrue.
A record of your bankruptcy will remain on your credit report (from the credit bureaus) for several years after your discharge.
Apart from the note of your past bankruptcy, your credit status will be clear. It will be as if you had never had credit. Like a young adult starting independent life, you will have to earn the trust of creditors from the ground up.
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