When you’re made bankrupt, you often have to surrender all your assets, including your house, car, and any other items of value. The ‘black mark’ on your credit record won’t just affect your ability to get a loan. You may struggle to get a contract for a mobile phone, broadband or cable TV services. Insurance companies might not allow you to pay them in monthly installments. Landlords might even decline your application to rent a property if you have been made bankrupt.