Hey there, 2nd place E!
Thank you for posting. I know what a struggle this is, from personal experience it can be a hard choice to make. I do you for making the choice to get out of debt and get yourself established once again. There are different types of bankruptcy based on your situation, so you do need to make sure you speak with someone who can provide you the accurate information before jumping right into it. There is also helpful information on the USAA site.
I would recommend speaking with one of our financial experts. You can give them a call at 1-800-771-9960, they are there to help answer your questions and perhaps give you some alternatives.
Whatever decision you make, I wish you the best. please keep us posted on how everything is going, we hope to see more of you here in the community.
Been there, done that. Some folks think bankruptcy erases everything so be sure you look into exactly what kind of bankruptcy you want AND what qualifies. Past due taxes, child support and alimony can't be declared (on ANY type bankruptcy) and will live on. However, credit cards and unsecured loans can generally be wiped out. If this is the route you need to take, to get your credit back as fast as possible, do 2 things. Go to a GOOD "buy here pay here" car lot. Some will charge you an arm and both legs but some are fair given your credit record. A loan paid on time will build credit. Second, go to a store where you can get a Mastercard or Visa pre-paid credit card. Since they only let you buy with how much you have on deposit, you can't go into debt with it but it will show you handling a credit card. A good pre-paid card should be under $10/mo in maintenance fees. I think one at my local Walmart is $3/mo. But check the small print! Good luck.
Just an FYI past taxes are able to be placed in a bankruptcy as long as they are more than 3 years old. We just added my husband's in our march 2015 bankruptcy and they were also discharged July 2015.