How Much Debt Do I Have To Have Before Filing For Bankruptcy?

You may find that there is conflicting information on the internet about the minimum requirements for filing for bankruptcy, but there really is no absolute minimum debt amount required to file.  Many times it is solely dependent on the individual circumstances, but some bankruptcy experts advise to only file if you have a minimum amount of $20,000 in debt.  Of course, the decision is up to you and, but the long term damage to your credit may or may not outweigh or benefit from unloading your debt.  On the other side of things, there may not be a minimum amount required for file, but there is a maximum in filing for Chapter 13 Bankruptcy.