Do I have to pay a minimum portion of the debt I owe?
Not in a bankruptcy.
In bankruptcy, you only pay a basic amount for fees, or an amount based on calculations regarding your family income, based on the guidelines published by the Office of the Superintendent of Bankruptcy.
Many assets are exempt from seizure by the Trustee, but for those that are not, the Trustee has a legal obligation to obtain the cash value of those assets. You may decide to repurchase those assets from the Trustee over time, or request that the Trustee cash them instead