If you have ever been declared bankrupt, then you will agree with me that the whole situation puts you in a very awkward position.
This is because it becomes very easy to lose everything that has your name on it, including your bank account.
If this happens, it is very easy to become stressed and give up, but before you get to that point, take a look at the available alternatives.
To begin with, if you are keen enough, you will realize that life is fair enough to give you second chances.
You will get to know that there will be financial firms willing to work with you to help you rebuild your credibility.
For example, if you did not know this before, be informed that the Co-op bank will be more than willing to accept your application for a bank account even during your bankruptcy season.
It may not be very easy because they may impose some rules and conditions for you to stick by, but this is better than staying without a bank account.
Remember you need the account so that you can be able to carry out transactions that will require the use of checks.
You will also need it for the purposes of receiving your salary and other wages.
The new account may not guarantee you eligibility for loans.
It may take up to three years before the bank can trust you enough to give you the loan.
In the meantime, what you need to do is to make sure that you build up on your savings and avoid careless spending.
By all means avoid overdrawing or giving bouncing checks as this may lead to bankruptcy.
Remember that you are under scrutiny and your new bankers want to see how well you can manage your money.