<prompt> Human: Im 25 and have racked up 80,000 in debt through credit cards and a personal line of credit. Before I started working, I had never had any kind of credit, and when I got my first job I applied for a credit card. The bank ended up giving me a 20,000 credit card and a 55,000 line of credit for emergencies, they said. At the time, I thought, oh, thats kind of a good idea, okay!5 years later and Im swimming in a huge debt, barely scraping enough money together from paycheque to paycheque to pay my rent, utilities, food and my payments.I make 98,000 a year right now, and Ive drastically reduced my spending, but it seems like I will be dealing with this massive debt forever.I want to leave the country for a few years before I turn 30, to take advantage of Working Holiday Visas while I can. The only problem is that I dont think I could do that while still having to make huge payments on my outstanding balances back here in Canada.So, Im thinking - should I just file for bankruptcy? At age 25, if it stays on my record for 7 years, Ill be 32 when its wiped off and I can apply for credit once more.That seems like a reasonable amount of time for me to get my life in order, see the world, and start saving up a down payment for a house.What are the hidden repercussions of doing this that I am not seeing? After 7 years, will this bankruptcy still affect me even though its supposedly no longer factored into my credit profile?  <response>: I think its retarded that you think its okay to steal 100,000, and despite making almost that from your salary every year, intend to try and get away with it, when you very well can eliminate all that debt within less than 5 years. Also, how are you barely scraping by on food, utilities, rent and debt payments? Where is the other 70,000-75,000 going? Do you live in a palace?Have some morals. Its money YOU spent. Nobody else. Bankruptcy wasnt intended for retarded stuff like this. 