Bankrupt By 21 Years Old – Whose Fault Is It? The concept of filing bankruptcy has changed significantly in face value over the past couple years. Ten years ago, one would have looked at bankruptcy as the worst possible thing anyone could ever do to themselves. It meant losing everything, and never recovering. Then, a couple years ago, people started using bankruptcy as an easy way out of debt. Sometimes choosing chapter 7 and other times...... Similar Editorial : by Liron Rose. | Source : Small Business Bankruptcy