Which is NOT a step that needs to be taken after bankruptcy?

Neglecting credit reports is indeed not a step that should be taken after bankruptcy. After undergoing bankruptcy, it becomes crucial to closely monitor credit reports to ensure that all debts are accurately reflected and that there are no errors. Monitoring helps to identify any fraudulent activities that may occur post-bankruptcy and allows individuals to track the recovery of their credit status over time.

On the other hand, creating a budget, monitoring credit scores, and starting an emergency fund are all proactive steps that can help in rebuilding financial stability post-bankruptcy. A budget helps manage expenses and ensure that spending aligns with one's new financial reality. Keeping an eye on credit scores is essential for understanding how financial behaviors impact credit health. Lastly, establishing an emergency fund provides a safety net, helping to prevent future financial distress.