Bankruptcy, by itself, does not ruin a person's credit forever. In fact, many people are surprised to find out that their credit can actually be rebuilt much faster and easier after they finally file for bankruptcy.
The bankruptcy will fall off your record after a set number of years (depending on the type of bankruptcy you file). Even before then, however, you can be taking active steps to rebuild your score. Rather than spending your time, resources and energy trying to crawl out from under debt, digging yourself deeper into credit problems, you are now free to work on repairing the damage that's been done.
Here are a few tips for turning your credit score around, starting today: