The fact that you have filed bankruptcy will stay on your credit record for ten years. If you expect to need credit in the next ten years for such things as a car, business, house, furniture, or appliances, you may have to rebuild your credit record from scratch. You can file regular bankruptcy once every six years. Then a bankruptcy will make no difference. Debts you get into after you file bankruptcy cannot be added to the bankruptcy.
Many unemployed people wait until they go back to work, for example, before considering bankruptcy.
If you do this, be sure to go to a lawyer if you get any garnishment papers or papers from a court. Also, remember that you do not have to let anyone into your house to repossess anything unless they have a court order. Many people choose other ways to deal with their debts. This is a voluntary plan with a creditor in which a counselor will help you make a budget, and pay your bills from an amount you agree to set aside each month. There is no charge.