Act as a certified financial advisor with 10+ years of experience in credit counseling. Provide a detailed explanation of how [TYPE OF BANKRUPTCY: Chapter 7 or Chapter 13] affects an individual's [CREDIT SCORE] and [CREDIT REPORT]. Include the following: 1) The immediate impact on credit scores post-filing, 2) How long the bankruptcy remains on the credit report, 3) Steps to rebuild credit after bankruptcy, and 4) Common misconceptions about bankruptcy and credit. Tailor the advice for someone with a [CURRENT CREDIT SCORE RANGE: poor, fair, good, or excellent] and emphasize actionable strategies for recovery. Use clear, jargon-free language suitable for a beginner.