Credit after bankruptcy: what you need to know

Sarah Coles
caution sign   bankruptcy ahead
caution sign bankruptcy ahead

When you've been made bankrupt, life changes dramatically overnight. You usually lose your house, your car, your savings, your disposable income, and any sense of financial freedom. Some people may even lose their job. Even after the bankruptcy process is over 12 months later, you'll struggle to get a credit card or a mortgage.

But there are some positive steps you can take to improve your position.