If you are like most you are experiencing some financial issues or difficulties right now. Sometimes things get so bad that you have no other choice than to file for bankruptcy and deal with the consequences. Even though bankruptcy can and will be quite stressful it can also provide a fresh start for you and your family. Even if you file for bankruptcy your credit does not have to be ruined forever. In fact, if you clean your credit up pretty quickly after your bankruptcy is over you can get personal loans after bankruptcy pretty easily.
Bankruptcy is meant for those that are in a financial situation that they cannot get out of easily. You can usually start off clean and take care of all of your debts with a proper bankruptcy. However, this will have an effect on your credit score and lenders will be able to see that you just declared bankruptcy. You will need to make sure all your bills stay up to date and you need to go get a credit card of some sort to help you rebuild your credit.
There is an option of getting a prepaid credit card to help you build your credit if you cannot find another option that you like and it can report to the credit agencies for a fee. The fee is usually under $10 so it is worth it to be able to rebuild your credit.
If you do get a credit card with a limit do not let yourself start making just the minimum payments again. This is probably what got you in trouble in the first place. After about a year or so, with this credit card, you should be able to get personal loans after bankruptcy. They might be smaller loans at first, but as long as you stick to your payments and pay them off you will be able to build your credit and borrow larger amount in the future.