Dealing with the plethora of negative and mortifying ramifications of bankruptcy is definitely not as easy as pie.  Even if you happen to successfully keep your house, there are still a lot of financial matters that you have to resolve as quickly as possible so as to keep things on track and prevent any further damages.  Bankruptcy does not have to be a completely unpleasant experience because it actually offers a lot of opportunities for you to start over so much so that there can be an improvement on how your finances will hold up in the future.  One thing that you need to consider is mortgage refinancing post bankruptcy which can be the start of a new life for you and your family as well. 

Preparing for a mortgage refinancing post bankruptcy takes about six months which would include establishing a better credit so that it will be a lot easier to look for credit companies that will be willing to take on your case.  You might want to open an all new credit card which you will use regularly and pay off, in order to earn positive credit score steadily.  Taking it one step at a time will be the best course of action for you which means that you should not take on any major borrowing that you are likely not to be able to pay off in time. 

Having a savings account or at least starting one will be a very part of your preparation for a mortgage refinancing post bankruptcy.  You can raise funds through a number of creative ways such as cutting back on unnecessary expenses or selling off some luxury items that you have bought and do not need at all. 

For the most part, preparation for a refinancing arrangement will involve research on lenders in the market.  You will certainly not be considered as an ideal client but there certainly are creditors who will take you on so you should keep on the positive side of things.  Use any available resource such as the internet in trying to find refinancing quotes and some of the better deals available. 

You need to be prepared for the possibility of working with subprime lenders since prime creditors might not be as accommodating as the former because of the bankruptcy remark on your credit report.  The important thing is that you make a significant change in the state of your personal finance such as finding a job that pays a lot more than your previous employment.  There really are no shortcuts when it comes to coming out of a bankrupt state but you can take it slow and steady before you know it, you will get back everything that you used to have, perhaps even more.  Mortgage refinancing comes with it an all new set of financial responsibilities that you need to take seriously if you intend to get out of bankruptcy very soon.  There is no guarantee that you will get approved immediately so be patient and keep looking for better deals wherever you can find them.