Bankruptcy may be bad news, but it is not the end of the world. There is such a thing as bankruptcy credit repair. After which, one can qualify for loans and credit again. Bankruptcy can in fact be a blessing in disguise. It is not done overnight but through a tedious process of rebuilding credit reputation and starting over again.Bankruptcy does appear in credit report and creditors may use this as a basis to either grant or deny loans. This will result to a reduction of between 75 and 150 points from a person’s credit score. It does not remain on the report forever though, usually up to 10 years only. Nobody can remove the history from the report. So do not believe credit repair firms who promise to do, it is simply not possible.Credit score can improve dramatically through responsible spending and borrowing habits. Forget about the credit card for the meantime, instead use cash for purchases. When creditors or even the credit bureaus take notice of the changes in the borrowing or spending habits, they may allow the removal of the liquidation entry even before the required 10 years.Lawyers specialized in this field can also help people with bankruptcy credit repair, from filing for bankruptcy and rebuilding creditworthiness of bankrupt individuals. They can explain the pros and cons of filing for bankruptcy should you require. For instance, there are different types of liquidation and knowing what are these is important in putting together a bankruptcy credit repair strategy or program.