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I declared bankruptcy at 28 when my $60,000 debt became overwhelming. It was the right decision - and the stigma needs to end

1 month ago   |   By Business Insider

Bankruptcy has a stigma that holds back people in debt from seeing it as a realistic option.
Aleksandar Nakic/Getty Images
Mike Amory is a LMSW social worker and comedian based in New York.
Two years ago at 28, Amory declared personal bankruptcy after accumulating over $60,000 in debt.
He says it was a good choice for him, and wants to break down the stigma that personal bankruptcy carries.
In 2018, I was psychiatrically hospitalized at Zucker Hillside Hospital and banned from having potentially dangerous devices like pens and shoe laces. I thought it would be the most helpless I'd ever...
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