Credit standing is one of the most interesting parts of filing for bankruptcy. While in the long run you will be able to enjoy renewed credit, initially your credit score will be affected by the filing. It may go down and in some cases, it can go up. Either way, be prepared to be seen as more of a risk when applying for loans or rentals for a while, but know that the situation is only temporary.
The bankruptcy will be entirely eliminated from your credit in seven to ten years, but you can being rebuilding your credit right away. The best way to do this varies widely, so it may be a good idea to seek out credit counseling when embarking on the path to great credit. Your bankruptcy attorney, as well as credit counselors, can assess your finances and give you advice on how to make your spending and investments work hardest to establish a high credit score.