There are several things to think about after filing bankruptcy. It will stay on your credit report for up to 10 years and you should be prepared to make-do with less then perfect credit. In fact, few places will lend you credit if you have a bankruptcy on your report. For this reason, you need to plan on making purchases with cash. You should also consider your savings, as no credit means you will need a financial safety cushion. While the goings will be tough, you will learn how to live without all the "necessities" of modern life - like excessive phone costs; elaborate morning, afternoon, and nightly coffees; and rented cars. There are also sites and companies that can help you better manage your money so that bankruptcy remains in your past and not in your future.