It really depends on your personal circumstances.
If you have a good credit score when you file bankruptcy, you will likely experience a significant reduction in your credit score after filing the case. If your credit score is low when you file, which often is the case for individuals who are behind months and sometimes years on their credit cards and loans payments, the credit score is likely to be minimal after filing bankruptcy. However, if you are disciplined and follow your bankruptcy attorney’s advice, you should be able to bring your credit score back to the 700s within a couple of years of filing bankruptcy. And, if your credit score is low when you file bankruptcy, you will likely rebuild it much faster than other debt-relief options such as debt settlement or debt restructuring.