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There is no minimum debt to file bankruptcy, so the amount does not matter.
Filing for Chapter 7 bankruptcy eliminates credit card debt, medical bills and unsecured loans; however, there are some debts that cannot be discharged. Those debts include child support, spousal support obligations, student loans, judgments for damages resulting from driving accidents, and most unpaid taxes.
A list of creditors that you owe, including names, addresses, contact information and amounts owed a credit report would be handy to bring to your first meeting with your bankruptcy lawyer. A list of real and personal property. Your income and expenses, including that from disability or SSI and child support.
As a result, concealing assets, making fraudulent transfers within one year of filing, destroying financial records or lying on bankruptcy forms will typically disqualify your case and could potentially result in criminal charges.