From Consumer Affairs:
Since the Great Recession millions of Americans have found themselves in dire financial straits. While filing bankruptcy is often the last resort, many have been left with no other choice. Read more
Bankruptcy can be a devastating move, both financially and psychologically. You are unable to borrow money or use a credit card. Your credit score may be lower than your age. But there is life after bankruptcy.
Once your bankruptcy has been discharged by a court you are able to begin rebuilding your financial life, and you should waste no time in doing so. A first step is to establish, or re-establish, a bank relationship.
The article points out that there is life after bankruptcy, but the individual will have to learn to handle credit differently.