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Filing for bankruptcy in Ohio may cause many people to feel like financial failures. However, bankruptcy is better described as an obstacle than the end of the road. In fact, the whole point of bankruptcy is to provide as clean a slate as possible for people to start over and rebuild trust with banks and other creditors.

Forbes recommends using a secured credit card as a great first step toward redeveloping trust with a bank. Even so, after a bankruptcy filing, Americans need to remember that they can still be choosy too. Hold out for accounts that do not charge annual fees as this can eat away at the initial deposit so badly needed to rebuild credit.

Many people with poor credit scores believe they may never fall victim to identity theft, often because of their corresponding financial situations. However, this can make them an attractive target for hackers, because they may now let their guards down. One way to catch this as quickly as possible is to sign up for free credit monitoring services and keep an eye out for any inconsistencies.

In addition to all these, it is important to keep the reason for bankruptcy in mind. Poor spending habits is not always the reason for filing. For some people, it may be a business venture gone bad or even identity theft. Whatever the reason, be sure to guard against it reoccurring.

Finally, the United States Courts points out that not all debts are discharged with a bankruptcy filing. Also, for debts that are eliminated, the discharge may not be immediate. As a result, people who file for bankruptcy must make note of the debts that need to be repaid, so they can chip away at those remaining balances as quickly as possible and regain financial control of their lives.