How do I repair my college transcript? (Or, am I just screwed?)

I dropped out of university about a year ago. My GPA was somewhere around a 1.2— or something equally god awful. I wish I had stories of booze laden parties, a drug habit, something really gritty and fun at least to blame for those grades, but no—that was all me. The semester I dropped out, instead of going to class to take the final exams or turn in a paper (that I’d stayed up quite late to finish), I drove past campus and went to watch a matinee alone. I have no explanation for that other than I was very unhappy for a very long time and that was when I realized I needed to get myself in order. So, I quit. Got myself some help and now I’m ready to go back. It’s still something I struggle with, but I’ve made plans. For the first time I actually know what I want and who I want to be, and it’s certainly not that person with the 1.2 GPA.

I am enrolled in a community college now, but I would like to transfer out at some point. I know my old GPA is going to count against me, but is it something that might be overlooked if I do well in my time at community? I just don’t want that time in my life to be a hindrance to me forever.