An amount that constitutes “overwhelming” or “significant” debt can be different for different people in different financial situations. For that reason, the option of filing bankruptcy is available to those with any amount of debt. That being said, each type of bankruptcy carries its own set of requirements in order to qualify to file. Therefore, in some cases, debt limits do play a role in one’s ability to file for a particular type of bankruptcy. Chapter 13 Bankruptcy In a Chapter 13 Bankruptcy, specifically, while there may not be a minimum to the amount of debt one has to qualify,.