A young Aussie has revealed how she became bankrupt at age 24

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Chantelle hasn't turned 25 yet and has already declared bankruptcy. Generation Z, who worked full-time at an energy company and earned $60,000 a year, had to declare bankruptcy when he found out he was $75,000 in debt and unemployed. Chantelle has been very open about her debts and recently went viral on TikTok, garnering over 300,000 views by sharing her story. The young Australian worker has revealed that going bankrupt "helped him" despite initially being "against the idea". When Chantelle, 24, lost her job earlier this year, earning $75,000 at the time, and had to pay off a debt equal to her annual salary, she found herself completely out of control. He explained that he fell into debt because he used two personal loans and had many credit cards. He stated he was surprised learn that the bank chose to give him a "ridiculous" amount of money and he was able spend it so quickly. Chantelle has revealed how she went bankrupt. The 24-year-old young man told his story on TikTok. Chantelle declared bankruptcy in September this year. Bankruptcy is a legal process in which you are declared unable to pay your debts. A person who declares bankruptcy can be relieved of most debts and allowed to start fresh. However, taking this action has consequences. It normally lasts three years and one day, and may affect your ability to get a loan, travel abroad, or work in some types of jobs during this time. You also need a registered trustee administrator, who will need permission to travel abroad for your bankruptcy and will also have the authority to sell your assets. The international student, who works part-time as an UberEats driver, said she took out a loan to go on an international holiday with her boyfriend. “I started feeling faint all the time and my vision was blurry,” he told news.au. Chantelle said she kept trying go to work but eventually realized it was impossible due her illness. “I couldn't focus and register where I was. "It started giving me panic attacks and scaring me," he said. “I took all my sick leave, went to doctors and even went to a long Covid clinic, but no one could help.” He tried to implement a management plan and reduced his working hours, but his health did not improve. “It got so bad I was afraid to even leave the house,” she said. “My job told me my role did not support me working from home and they did not offer alternative options.” Suddenly, he found himself already in debt with no income, which ultimately led to him falling into even more debt. Sometimes you have to do it for 'the plot,' she said. Chantelle said she had no "savings" when she left her job and tried to regain her health by visiting doctors frequently. "This all cost money and right now I only have credit and no income," she explained. “Then we had to move and buy furniture. "Six months later, I was still trying to find a job, taking out loans for rent food, and using one loan to p