Bankruptcy can help ease financial stress for people in Louisiana, but it can be scary to start over. People have the chance for a do-over, and those who make smart decisions can recover from bankruptcy and go on to be successful. 

Many people think it will take ten years before the negative effects of a bankruptcy wear off. However, Forbes reports that, with the proper planning and behavior, people can see positive results in only a few years. In fact, over 50% of people who file bankruptcy have a minimum credit score of 640 in just two years. 

One of the first things to do is examine why bankruptcy occurred in the first place. For some, it was an unexpected and unpreventable reason, such as a job lay off or medical emergency. For many, however, irresponsible spending was the culprit. If this is the case, sit down and figure out a budget and stick to it. 

One can build up a credit score faster with a secured credit card. This requires a deposit and helps keep credit spending to a minimum. 

U.S. News recommends checking your credit report at least once a year. Make sure all discharged debts are off, and file a dispute for any inaccurate information. 

Just as it is important to strictly follow a budget, be smart about taking out any loans, especially in the beginning stages. Not only does it put you into debt again, but the interest rates are very high. Shop around for rates. It may also help to build a relationship with the bank, especially for future loan needs.