Well as the RAF only requires 105 pilots next year I think the average Wannabe can rest easy with his bankruptcy. easyJet just hired 450.
And unless you secretly want to be an MP, accountant, company secretary or more possibly Director of a company then I really wouldn't worry about a bankruptcy on your CV.
Mrs Welshman recruits for a large well known financial institution and they are subject to the FSA rules. She wouldn't blink if your bankruptcy is two years old.
Cheers
WWW