Quick Answer: No. The U.S. Bankruptcy Code will not put down any minimal amount of cash that you need to owe or perhaps with debt, before filing for bankruptcy.

That said, in the event that you owe therefore small that one may effortlessly manage to repay it, as well as the U.S. Trustee’s office or perhaps a creditor objected or filed a movement to dismiss your situation, then yes, your instance may be dismissed for «abuse» for the bankruptcy guidelines.

But if you’re not able to pay the money you owe, although it is certainly not a lot of bad debts, then there is certainly no reason at all why you can maybe not have a release or termination of one’s debts through bankruptcy, assuming that you otherwise be eligible for it.

But think before you file bankruptcy over a relatively small amount of money about it carefully.