Your 20s can be a time of great financial challenge: You're not quite skilled enough to get the job of your dreams in the "real world," yet you have real bills and financial responsibilities that demand a salary you can't command. Worse yet, you may be contending with a mound of student loan debt , credit card bills, car payments and other income drains. While filing for bankruptcy may seem like an easy way to end the nightmare of debt in your 20s, it's not a solution. In fact, it will very likely cause you more pain than relief in the long term.