Is there credit after bankruptcy? Yes. You can and will be able to get credit after bankruptcy. Bankruptcy is thought to be an absolute barrier to future credit, but it's not. There are so many myths and misinformation out there about getting credit after bankruptcy that the most frequent answer you may hear on the street to this question is more than likely "no", which is simply not true. Yes, filing for bankruptcy will have a negative effect on your credit score. But if you are considering bankruptcy, your credit score may already be as bad as it can get - or soon will be.
No future creditor wants to see bankruptcy on your report, but the damage to your credit score depends on where your credit is now. If your credit rating is in the dumps now, bankruptcy will improve your future credit rating.
If you live check to check with no hope of paying off your old debts, you should consider your total situation. It's a choice between horrible credit and always being in debt, or a clean slate with your debts wiped out and a bright financial future.
Even if you have good credit now, you can probably see that your circumstances are getting worse. You know you can't keep on going the way you are now. It is always better to be proactive rather than reactive. How much worse will your credit score be if you wait two more years before you realize that you have no choice of every paying a $20,000 hospital bill? You can't make decisions now about your current financial situation based solely on whether you can get credit in the future. Realizing where you are today and what is coming will allow you to be proactive and file for bankruptcy to get the clock started sooner rather than later.
Everyone's situation is different. Bankruptcy law is complicated and involved. Do the smart thing and consult with a highly qualified bankruptcy attorney. Do it now, before things reach a crisis. Find out what it is all about and what it can do for you. Get the information you need to decide what is best for your situation now, and how to rebuild in the future.