About the Show: Breaking the Debt Cycle is a podcast hosted by Kevin Rosenquist with bankruptcy attorney Michael Sheridan, aimed at helping individuals take control of their financial futures by providing guidance on overcoming credit card debt and bankruptcy. In each episode, Michael offers insights on navigating the bankruptcy process, rebuilding credit, and gaining financial freedom.   Time Stamps: 00:00 - 00:07: Introduction to the podcast and today's topic - rebuilding credit after bankruptcy. 00:28 - 02:05: Debunking the myth that bankruptcy destroys your credit. 02:05 - 05:17: The impact of bankruptcy on your credit score and the benefits it offers in rebuilding. 05:17 - 06:07: How to start rebuilding credit using new debt obligations like car loans or credit cards. 06:07 - 09:02: Understanding why credit card offers after bankruptcy are common and how to use them wisely. 09:02 - 11:19: Comparing bankruptcy with debt settlement programs and the hidden costs of settlement. 11:19 - 13:40: The economic realities that lead people into debt and the role of credit in modern finances. 13:40 - 16:02: Long-term strategies for rebuilding credit post-bankruptcy and the importance of budgeting. 16:02 - 17:40: Wrapping up with advice for managing credit responsibly, using a budget, and avoiding high-interest debt. 17:40 - 17:58: Closing remarks and call to action. About the Show: In this episode, Michael Sheridan explains how to rebuild your credit after filing for bankruptcy, addressing common myths and strategies for recovery. He dives into how bankruptcy impacts credit scores and offers practical advice on rebuilding, including securing new credit and using it responsibly. Michael also compares bankruptcy to debt settlement programs and shares tips for long-term financial success. He emphasizes that bankruptcy isn't a punishment but a tool for regaining financial stability.