Starting Score: 550-tu 550-eq 
I agree with mjb. A bankruptcy will stay on credit reports for 10 years. Some lenders are absolute in their policies to not lend if there is a history of bankruptcy. It doesn't matter how stellar the history has been since the discharge. Until that major derog is gone, the risk is high. Some lenders will even blacklist for life if you burned them.
It's nice to hear, though, that your friend has been able to recover from bankruptcy, and has gone on to re-establish a solid credit history. Obviously, some lenders are more forgiving than others. They're the ones who will benefit from your friends business. 
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