Bankruptcy or Keep Trying?

Debt

Hi all. Before I begin to explain my situation, I am aware of lawyers and they should be the first people I talk to. Just wanted to get the opinions of my peers first.

I am 23. I have about 30k in student loan debt (in forbearance), i have a 6.5k car loan, like 7k in cc debt, 3 personal loans totaling 4k. i have other expenses, but those are the major ones.

i make about 5k a month, at a job i truly hate but stick with because nowhere else is hiring.

I do make my payments each month, but i am left with next to nothing for saving or groceries or anything really. i work to pay off debt.

i’ve been seeing a lot of testimonies about bankruptcy, more good than bad.

do you guys think i should start the process (speaking with a bankruptcy lawyer)? or just keep trying to pay everything off?

i’d rather not wait until im older and have more to lose, but i also don’t want a bankruptcy on my record if its possible to get from under this crushing debt.

Posted Aug 12, 2026, 8:14 PM UTC

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