If a person yells the word bankruptcy in a room full of bankers, at least have of them will fall off their chairs within a few minutes. It is the worst of the worst financial situations, not because it cannot be overcome eventually, but because the legal proceeding stays on your credit for ten years. That is a lot of time for something to remain hanging around someone’s neck. And painfully, the effect of such a bad financial taste is known by all who loan money. People can argue all day long if it is fair for those who have gone through such a devastating crisis such as filing personal Bankruptcy to have the large “B” branded on FICO reports for ten years. Good, honest and hard-working folks have had to go through this ordeal, some through no fault of themselves and others because of poor judgment. But in both cases, getting credit cards or loans after bankruptcy can be hard.