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Obtaining Credit after Bankruptcy

My husband was discharged from bankruptcy in June 2011, all of his debts were declared in the bankruptcy. He recently spoke with a two of the credit card companies that were listed in his bankruptcy including one who offers secured credit cards (which he applied for and was refused) and they both said they might be willing to give him credit if he repaid his previous debt back to them. I don’t understand why they would request him to pay these debts once his has been discharged. Will his old debts continue to haunt him for the rest of his life and always be kept on the financial institutions records?

Posted from: Alberta

One Response to “Obtaining Credit after Bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The easy answer is to use institutions that did not suffer a loss within the bankruptcy. You have to look at it from the credit card companies perspective, if they have an internal record of you defaulting on their debts what incentive do they have to lend to you in the future. You will find it much easier to simply deal with institutions you have never owed money to.