Bankruptcy provides an opportunity for people who are struggling with debts to start over again, but many who could benefit hesitate because they worry about the long-term effects on their credit rating. However, as the legal document preparation experts at We The People of NY note, recovering from a bankruptcy is possible, so they're here with some tips to help you take advantage of your second chance.

How to rebuild your credit after declaring bankruptcy:

• Check Your Credit Report: One of the first and most important steps is to check your credit report shortly after your bankruptcy to ensure that there aren't any errors. Mistakes do happen, so if any of your debts aren't listed as discharged or accounts appear that aren't yours, have those errors corrected immediately.
• Get Credit: It may seem counterintuitive, but the only way you can build a new credit history is by using credit. Secured credit cards, gas station cards, and store cards are relatively easy to get, so start there. Just be sure to pay off your entire balance every month.
• Pay Your Bills: If you filed a Chapter 13 or any of your debts were not included in the bankruptcy, be sure to make your payments on time. As soon as your bankruptcy clears, start demonstrating to creditors that you are capable of responsibly managing your debts and finances.

Filing for bankruptcy is a major step, but We The People of NY can help. Visit their website to see their full list of legal services, including filing for a name change, will and deed preparations, and filing for a divorce.  If you're interested in learning more about the all (212) 633-2200, or just come to their office at 219 West 14th St. between 7th and 8th Avenues.