Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - How much in debt in Iowa do you need to be to declare bankruptcy? - It is not the amount of debt that you have, it is the debt-to-income ratio that you have. A court would have to decide if you are upside down enough to the point that you cannot make good on your debtors. Do remember that bankruptcy stays on your credit report for ten years. So make your decision carefully. -
