No. There is no minimum amount of debt required to file for Chapter 7 or Chapter 13 bankruptcy. However, a responsible bankruptcy attorney would not put debtors into bankruptcy if the debt is so small that it would be better to handle it another way.

On the other hand, people often have significantly more debt than they think. After pulling credit reports for clients, we often discover debts that they did know existed or balances that were higher than they thought.

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