Bankruptcy hangs around your neck for 10 years, hardly anyone will touch you.  If you are lucky enough to live in times of freely flowing credit, you may get a 24% secured loan, provided the bankruptcy was due to divorce, not deadbeatery.
  
I really don't understand how they can't learn the concept of consequences and thinking things through beyond square one.  Just because she says "Eat S*** and F*** you" to the company, doesn't make it all go away.  Life can be very hard if you have absolutely zero credit options.