Just as some people are anxious or nervous about filing a Pennsylvania bankruptcy, others eagerly anticipate getting a clean slate and starting over. They fully realize that having a Pennsylvania bankruptcy on your record does not have to completely define you and that there can be a great life after your Pennsylvania bankruptcy is discharged. Because of the economic recession, lenders are being more forgiving of bankruptcies. They understand that it may be a necessary means to an end for many Americans. With so many companies closing and laying off their employees and unemployment benefits being inadequate and insufficient, bankruptcy starts to look like a more viable option for many. Creditors know that with the overwhelming number of bankruptcy filers that if they refused to give them second chances then they would severely limit their client base. In looking to extend credit to those that have filed for a personal bankruptcy, creditors are likely to take many factors into consideration. They will want to know what your payment history looked like before you filed for bankruptcy. They can easily see this information by reviewing your credit file history. If your payment history was shaky before you filed for bankruptcy then you cannot expect to use your bankruptcy as an excuse. You have to be able to establish that you were capable of handling your finances at some point in time. Should you chose to volunteer the reason why you filed for bankruptcy they may help them understand why you had to file bankruptcy in the first place, although you should understand that you are under absolutely no obligation to explain your bankruptcy situation to your creditors. Depending on the reason, it may be better to keep that information to yourself. You can share any information that may help your cause in persuading the lender to extend credit to you.