A bankruptcy list is a list of organizations, firms, and individuals who had legally declared themselves as financially bankrupt. Essentially that means that all their debts have been legally discharged by the US Bankruptcy Court. Depending on the type of bankruptcy they may be absolutely debt free.

Bankruptcy information is part of the public records published by the court. Many companies specialize in gathering and selling this information to various marketing firms and consumer credit companies. These bankruptcy list companies do a good job of finding just about everyone that has had a recent court ordered debt discharge.

As a result the marketing firms will soon discover that your name is on the bankruptcy list and will be sending you various offers in the mail. These offers will include bankruptcy credit card info, financial management programs, consumer credit offers and help in purchasing everything from a house to a car.

Approximately one month after court discharge your mail box will be full of these offers. If you take the time to look at them carefully you will note that most offers are scams. If you are wise you will consider all or almost all of the offers as junk mail and send it to the trash container. Many people end up in bad schemes that place them in serious debt again and eventually back in court.

In addition many people soon become tired of all the junk mail they receive relating to their recent bankruptcy discharge. One of the best methods of handling this problem is to rent a separate mailbox at the local post office for all you legitimate mail. Even then you may soon find that the new bankruptcy list has your new address as well.

Granted there are legitimate offers from good companies. However it requires good research and advice to find credible information that you can effective use. You will find most of the offers that come in the mail contain bankruptcy credit card info.

If you have been working with a credit counseling service it would be very wise to contact them prior to applying for any credit card. Most of these services will tell you that you should live on a cash basis for at least a year or more before acquiring any credit card. Excessive credit card debt was more than likely a contributing factor to ending up in serious debt. Your credit counselor is all too familiar with the downside of being on the bankruptcy list.

If you must get a credit card to do business or manage your home then you should only apply for a secured credit card. You will have to post collateral in the form of a deposit to a special bank account to obtain this type of credit card. The card limit will be equal to the amount of the deposit. The collateral will be used to pay any credit card debt that is not paid on time. If you use a secured card wisely it can help rebuild your credit score.

Having your name on a bankruptcy list is an inevitable consequence of a bankruptcy discharge. The resulting flow of financial and consumer offers can be tempting. If you are wise you will consider most of the offers as junk mail. Failure to be disciplined may lead to being in serious debt again.

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