How Much Debt Do You Need to File Bankruptcy?
Clients who come in to Steidl and Steinberg with debt in tow will often say, "I know this doesn’t seem like a lot of debt compared to most of the clients you see.” The funny thing is I hear it from people with anywhere between $8,000 and $30,000 in debt. Or sometimes more. But what is the minimum amount of debt you are required to have in order to consider filing for bankruptcy?