The results of a bankructy will be part of you credit record for ten years from the date you field your bankrupcty. This does not mean that you can not get a car, credit card, loan or home.
A bankruptcy is just about always considered a negative event on your fico score. However, the impact depends on your entire credit profile. If you have a great score a bankruptcy will greatly reduce our score. However, given that most people filing bankruptcy may only see a modest drop to their score.
