The short answer is no.

The reason why they include it is to properly price the credit you receive. For example, if you apply for a car loan it is more likely you will declare bankruptcy and not pay, compared to a person who has not declared bankruptcy lately. That being said, there still is credit, and many other factors determine if you are reliable for a loan. If you are reading this and have not declared bankruptcy yet, it is important to understand the side effects and the downside before you take action in declaring bankruptcy.

Additionaly, you must also realize that it is only temporary. Although it is a long temporary, you will be able to obtain good credit as long as you are able to pay debts after you declare.

When declaring bankruptcy it is also important to keep this in mind to make sure you try to keep your home and car. If you can have both, you should not need to make a major purchase in the time period while your credit is lowered by the bankruptcy.

Not only is your credit history lowered, but you also must remember that you can not declare bankruptcy again for some time, so make sure you start over in good shape and are able to stand on your feet.

Your credit will be affected by both Chapter 7 Bankruptcy and Chapter 13 Bankruptcy.