There isn’t a minimum amount of debt you need to order to file a Chapter 7, a Chapter 11, or a Chapter 13 bankruptcy. As a general rule, bankruptcy should be considered if you own property and the creditors are foreclosing on your property. If creditors are foreclosing on your home or vehicle, you may want to consider filing for bankruptcy. We will provide you with a free consultation from our Long Island bankruptcy attorney, Kenneth Halpern. For more information, contact us through our website, call our law office at (516) 222-1199 or by sending an email to kjhalpern@gmail.com.