<prompt> Human: To start I should say that Im currently in the process of consolidating down two of my private loans Loan 1: 20,387 13 and Loan 2: 52,685 6.8 along with putting my federal student loan in forbearance 38K 5.2. All this debt is starting to freak me out!Im making about 50K a year pre tax so Im unable to make even the most minimal payments on all of these loans I.e., 25 year graduated repayment. Because of my total yearly income all of the income driven plans are too expensive for me.Looking at the massive amount of debt Im facing, I was hoping someone had any advice on if I should be considering bankruptcy? Ive had a co-worker tell me that it would clear all my debts at the cost of destroying my credit. I own a 2005 Ford focus which Im assuming would be liquidated and Ive got maybe a couple hundred dollars in my savings account. I work for the state DPH and have a pension but no 401k, would that be in play as well?Im also considering going back to graduate school, which would probably mean piling on more debt. Ive heard that government student loans dont look at your credit so even if I do tank my credit score I should still be eligible. Being that Im 25 I feel like I could rebuild my credit before needing major financing I.e., starting a family but the thought of going bankrupt scares the beejesus out of me. That being said I cant wrap my kind around paying 110k with maybe more on top. Any advice would be greatly appreciated.  <response>: It is very difficult to discharge student loans in bankruptcy. This is by design. Congress wanted to make sure students didnt run up a lot of debt and then declare bankruptcy the day after convocation.So if you declare bankruptcy, you will likely not be able to get away from your biggest debts. All of your liquid assets are up for grabs including your car and savings account. Your 401K and pension are typically protected. Expect to pay a lot of fees, your credit rating to be destroyed for 7 years, and for the bankruptcy to show up on background checks by employers for the rest of your life.If I were you, Id start paying down the student loan now and dont even consider more education until your debt is under control. 