Can there be a minimal sum of money that i must owe to register bankruptcy?

Can there be a minimal sum of money that i must owe to register bankruptcy?

Brief Response: No. The U.S. Bankruptcy Code doesn’t lay out any minimal sum of money that you must owe or be with debt, before filing for bankruptcy.

That said, then yes, your case could possibly be dismissed for “abuse” of the bankruptcy laws if you owe so little that you can easily afford to repay it, and the U.S. Trustee’s office or a creditor objected or filed a motion to dismiss your case. Read More Can there be a minimal sum of money that i must owe to register bankruptcy?