Will bankruptcy affect my credit?

Yes, a bankruptcy is reported on your credit. However, bankruptcy is a double edged sword. While bankruptcy is considered black mark on your credit, it does serve to clear off bad debt, and that will improve your credit.

Will I be able to buy a house after filing bankruptcy?

You usually cannot get a home loan immediately after filing. You generally have to wait two years before you can qualify for FHA financing on a home.

Will filing bankruptcy affect my spouses credit?

The bankruptcy goes on the credit file of the filing individual. If you spouse does not file, then the bankruptcy will not appear on their credit file.