There’s no minimum amount of debt required. If you’re struggling with debt that is not affordable, then bankruptcy might a good option.
People from all walks of life file bankruptcy. What might be affordable to one person, might not be affordable to another. It’s all relative.
Of course, there are some scenarios in which a bankruptcy might not be worth it based on the amount of debt you have, and the costs involved.
In those scenarios, debt defense or debt settlement might be a good strategy to deal with unaffordable debt.
Every case is different. If you’re not sure what the best option is for you, please call us to schedule a free strategy session to develop your best plan of action.