Does a bankruptcy that is from 2012 create a problem for a TS?

I had to file bankruptcy as my Ex-husband racked up a $130,000 debt on my credit cards. Being on SSDI, I could not afford to pay them so I had to do a chapter 7. I have not had any poor debt except some medical that has had to go to collections as the Medical insurance company and the codes were not processed on time or re submitted in a timely fashion.

My Fico dropped to the mid 200’s and now is in the low 700’s. How does that affect getting a clearance of any kind?

Based on the circumstances, your legal resolution (bankruptcy), the removal of the cause of your delinquencies (ex-husband), and no recent financial irresponsibility I would say you have a pretty good chance of getting a TS clearance.