<prompt> Human: Yesterday I got in a car accident and totaled my car. I still owe the dealership around 15,000. I recently lost my insurance and hadnt found new coverage. I obviously dont have the money to pay the dealership and I dont know what will happen now. My parents are advising me to file for bankruptcy. What do I do from here?  <response>: You took a gamble. You loss.Bankruptcy doesnt sound like a horribly bad idea, however it will wreck your credit so if you plan on buying anything sizable in the next 7-10 years, imagine it popping back up and biting you in the rear. This isnt just for houses or cars, but some jobs, and even small things like wedding stuff, credit cards, even store credit cards. Youll learn to use cash again. 