I would like to know how much debt we must have in order to file bankruptcy.

There is not a specific amount necessary to file.  You should, however, consider the costs associated with filing for bankruptcy versus the amount of money you would save in a bankruptcy case. You should consult a local bankruptcy attorney.  Most bankruptcy attorneys offer a free initial consultations to determine if bankruptcy is appropriate. This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.