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How Much Debt Do You Need to File Bankruptcy in 2025? The Answer May Surprise You

In 2025, there’s no minimum debt requirement to file for bankruptcy. Chapter 7 offers a fresh start by discharging most unsecured debts, while Chapter 13 involves repayment plans. The decision to file should be based on your income, the type of debt, and your ability to repay. Understanding the process can help you regain control of your finances and choose the best path forward.