Young TikTokers are reframing bankruptcy as a financial hack. Experts say it's far more complicated.

More than 533,000 people filed for bankruptcy last year.

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• Personal bankruptcy filings are on the rise in the US.
• Some young people have taken to TikTok, framing their bankruptcies as life-changing wins.
• Financial experts caution that bankruptcy should be treated as a last resort due to the risks.

For a growing number of Americans on social media, bankruptcy isn't a scarlet letter — it's a way to shed crushing debt and reset financially.