There are no minimum debt requirements in bankruptcy. Nor do you have to be behind on your payments. You just have to be struggling—or anticipate struggling—to make ends meet. Know your options before you drain your 401k or liquidate your assets. At Carr Law Group, we have met too many clients who wished they had consulted with a bankruptcy attorney far earlier in their financial struggles. Often, we could have preserved our clients’ 401ks and substantive assets had they met with us sooner.