I've done it before, and others that I know have too. It is not the end of the world. Sure it sucks beyond belief, but it's way recoverable.
In less than a year of filing I had a new credit card to help rebuild my score, and a major US bank told me (within the 12-14 month range of having filed) that I could apply for a mortgage immediately with them, as they knew I couldn't file again in several years, that I had previously had a successful mortgage with them, and that as long as my debt to income ratio was rocking it would be no problem at all.
So, chin up, file that crap before the deadline and get liberated. It sucks, but learn from it and don't repeat it in the future. ALWAYS focus on earning WAY more than you spend or need to spend --- no matter what.
