What effects does bankruptcy have on someone for the rest of their life?

Can you answer Jason H’s question about Bankruptcy?:

Someone I know is filing for bankruptcy. I was wondering if there were any effects that bankruptcy would have on her as far as credit. Does bankruptcy go on any kind of personal record? I’m just wondering if she’ll always have to worry that filing bankruptcy will effect her credit permanently or any other issues throughout her life?

Free Public Bankruptcy Records

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