How I Went Bankrupt at 23
For as long as Amanda Chatel could remember, her dad had warned her about the dangers of credit cards. Then she got to college and began ignoring those warnings -- repeatedly.
FilingForBankruptcy
Too Broke to Go Bankrupt: Cost of Chapter 7 Is More Than $1,500
The cost of filing for bankruptcy has risen in recent years as a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which aimed to reduce the number of bankruptcies by adding more requirements to the filing process.