You can usually go to a bankruptcy lawyer & have a free consultation....they will look at your situation & let you know if bankruptcy is your best option & then if it is, which type of bankruptcy you qualify for. It's not that complicated if all you have is debt. It's 7 years that it effects you & you can't go for bankruptcy again for 7 years.....so it's a make sure you don't just go back in debt again immediately after......but you can start building your credit again...usually the interest rate is much higher when you have bankruptcy.....making you want to keeping things paid off & not wanting to pay the high rate of interest. I know that even though I didn't have a bankruptcy, all the debt & collections that my husband allowed the debt to go to, made our credit rating as bad (maybe worse) than if we had declared bankruptcy, when I left him, I was able to go buy my truck on credit. They had to look around for a lending company, but they found one & the interest rate wasn't horrible. I ended up getting the money to pay it off within a year because we were able to refinance the California home & I got my inheritance money out of it that my husband talked me into putting into it....used it to pay off my truck so I don't have anything I own on......but there seems to be always someone who will give at least a small amount of credit after bad credit hit's us. The stress that the debt causes is much worse than the stress that having bad credit & not being able to just buy things ends up causing. It's a good feeling to be able to start over.

Reading about bankruptcy is a good idea so that you can have all the questions you want answered by the lawyer.....going to the lawyer is really a good idea so that you can get those questions answered & so that you can really know how it's going to effect you personally.

Good idea to get some peoples experiences here with bankruptcy....it might give you a deeper insight.....but each one is personally different.