In America so many banks are hungry to loan money. You can build up your credit and save. I recovered from bankruptcy before the ink was dry. I was driving a new car and living in a new house in short order. It is now long gone from my credit file. Don't ever talk someone out of bankruptcy if they qualify for it.

If you own a home you can exclude it from the bankruptcy. You can also include it and continue to pay the payments and the contract must be honored!