Filing for bankruptcy is not a death sentence for your credit score. In fact, most people who file have already seen what late payments, charge-offs and judgments will do to a credit score. Filing for bankruptcy allows you to discharge unsecured consumer debt, and will over time allow you to rebuild your credit, as you no longer owe many of your debts. Bankruptcy is meant to offer you protection and give you a chance to restore your financial standing. After a period of time, you begin to see positive changes, and you will get offers for credit prior to this in most cases. Many of our clients receive new credit offers even before their case is finalized.