It is very difficult for people who have filed for bankruptcy to get mortgages to buy a house. You most likely will need a co-signer on the loan in order to do so for many years after the filing. You will also require a co-signer in order to obtain credit, and even credit cards. And credit card interest rates will be much higher than for people with good credit scores. If a potential employer runs a credit check, they may react negatively to a bankruptcy. You will also have to have a high interest rate secured credit card, which means a lien is placed on some asset for the amount of credit you wish to use. Apartment rental companies will oftentimes run credit checks and look at a bankruptcy as a significant risk when considering your application. So a bankruptcy can have some pretty negative consequences as well.