There is no clear answer to this question. Unfortunately, if you are behind on your bills, your credit may already be bad. In a surprising number of cases, bankruptcy will probably not make things any worse. The fact that you’ve filed a bankruptcy can appear on your credit record for 10 years. But since bankruptcy wipes out your old debts, you are likely to be in a better position to pay your current bills, and you may be able to get new credit.
