@blaaablaaaa @Bad_Banner They don't want you to know this, but bankruptcy is free. I have 143 unpaid credit card bills.

Seriously though a lot of young people will just go "fuck it, I'm not buying a house anytime in the next 10 years, might as well run up the CC bill and do Chapter 7". The entire threat is based on a number that is largely meaningless to people outside of mortgage applications.