Many fear that after filing Bankruptcy they will not have credit. In general when you receive a Discharge in Bankruptcy your debts are considered ‘Discharged’ and creditors can no longer attempt to collect the debt. A Discharge serves to substantially improve your debt-to-income ratio because you have no more outstanding liabilities – simply put, you have more money in your budget because you have no debt to service and interest to pay. So how do you rebuild your credit after receiving your discharge in Bankruptcy? First, begin by establishing a payment history with a new creditor such as a credit card. Second, simply let time pass – each month that passes will serve to improve your credit. Most of my clients have better credit eight months after receiving their discharge than before they filed for bankruptcy. Ask me how a bankruptcy can help to improve your credit today!