I know this can be an embarrassing topic for many folks out there so you don't need to go into detail if you don't want to. I recently helped my brother file for it. He had college debts, credit debts, and a whole mess of money issues he couldn't keep up with. He is only 27 mind you. I think it is more common for people in their 20's to do this now than ever before because they are set up by the system to fail, especially if they choose to go to an expensive university like my brother did.
Yes, I unfortunately had no other option. Both my wife and I were struggling with our debts and got overwhelmed. We had to walk away from out home. It was a sad experience but this was 7 or 8 years ago now and we are doing much better.
I nearly did. It is tough being a single parent and when money got tight and my debts were overwhelming me, I had considered it. I almost filed but a friend offered to help with a loan that saved me from doing this. It was more debt but since she didn't want interest and didn't want me to start paying her back for a year, it helped out a lot.
I didn't but my sister has and it was very hard on her and her husband. They did everything they could to avoid it but didn't have a choice. They ended up losing their home as well. This kind of debt scares me so I am trying to learn from her mistakes.
I nearly did but decided against it because it would be with me for 7+ years where I would not be able to do anything about my credit scores. I was worried I wouldn't have any other options but I was able to get financial help and work something out.