After making the decision to file for bankruptcy, the petitioner's financial life will change significantly. If the case is completed successfully, the person may have been able to discharge or reorganize debts and come out on the other side more financially stable. Still, some Louisiana residents may worry that utilizing this debt relief option will mean never getting another credit card.
Fortunately, that worst-case scenario does not have to be the result. True, filing for bankruptcy could make it more difficult to appeal to lenders because previous balances were discharged and not paid back in full, but individuals can do their part to rebuild their credit after completing bankruptcy in order to potentially qualify for a credit card later. Paying bills on time and not accruing considerable amounts of debt could help raise credit scores.