<prompt> Human: Now, hear me out. I know bankruptcy is a pretty desperate move, but in weighing out pros and cons, it actually doesnt seem like the worst thing. My situation - Im a 25 year old making 55K a year. I currently have 40K in debt, 2 personal loans that have consolidated both my credit card debt and an incredibly stupid motorcycle purchase I made a couple years back, both at around 15K each. Car loan at 11K. My monthly payments for all 3 of these combined is 1300 a month. Its overwhelming. The overwhelming grey cloud that is all of this debt over my head has me feeling trapped. If I ever lost my job or took a pay cut for some reason, I would be screwed. Im not happy with where Im at, and knowing that Im only sticking with this because I essentially have to is not a comfortable place to be in.I know, boo hoo, right? I have a good job and I should be happy. Im grateful for it, but Im not happy. What Im thinking is that if I were to declare bankruptcy, I would be able to SAVE that 1300 Im paying every month, and I feel like that in itself is worth the gaping hole in my credit. I figure, Im 25, the bankruptcy will disappear after 10 years, Ill be 35 and I can say with certainty that Im not looking to buy a home or do anything major like that within that time, so what would I have to lose really? Is this the dumbest thing youve ever heard? Is it even mildly logical? Id love some insight, because I really feel as though this would give me the freedom I want so badly and allow me to put my money in the right places now that I know what those right places are 401K and IRA.  <response>: why not sell the motorcycle? sell the car and get something cheaper.get a part time job to help pay some of this down. 