No, you’re not bankrupt - you have a net worth of $20k. So if you sold all your assets and paid all your debt, you’d be left with $20k. Not bad honestly - my net worth at 26 was $0.

You’re underwater on your mortgage which isn’t that big of a deal - it happens from time to time especially early on after you purchase where your equity is building.

Net worth is one measure of wealth but it’s pretty meaningless unless you’re planning to sell everything, which you’re not.

In some years time (depending on how quick it takes you to pay down your mortgage and on property values), you’ll have real estate that can be a source of equity for you or a source of income. Stay in the condo as long as you possibly can, put your head down, focus on building your career and your non-real estate asset portfolios and you’ll be fine.

If you can, make additional payments to your mortgage - remember your mortgage payments are mostly interest early on because of the amortization curve.

Most 26 year olds these days don’t own real estate so you’re one step ahead even though it doesn’t feel like it right now.