Life will definitely change after you have filed for bankruptcy, regardless of which chapter you have filed under. Post bankruptcy will be a long and difficult 7 years if filed under Chapter 13 and 10 years if filed under Chapter 7. The recovery of your credit standing will take time and effort on your part. Even though you pay your debts under Chapter 13 it still takes time to regain your credit rating.
Obtainined a loan or credit before the 7 or 10 years and sometimes even insurance policies can be difficult post bankruptcy. If you don’t already have a job, getting one can be more difficult. In order to get past the implications of bankruptcy there are several things you can do to help your situation.
You will need to maintain a job as soon as you can if you don’t already have one. Keeping a job and the same address for a period of time shows responsibility and stability in your post bankruptcy life. It may be difficult renting a property as all real estate agents look at your credit history to see if you are a suitable candidate. You may need to stay with family or friends until you can provide a satisfactory payment schedule that you can show a real estate agent.
Make sure all of your utility and other bills are paid on time. Each time you pay on time, your credit will improve a small amount. You must not get into any debt again or it will take even longer to improve your credit ranking and allow you to apply for a loan for a car or house.
If you can maintain a bank account that is in credit always you will have a chance of obtaining a check account again in the future.
If you can trust yourself with a credit card, and can get one, this is often the best way to improve your credit post bankruptcy. Use it wisely and pay it off every month to show that you are in control of your financial situation.