Yes. You can only file for a voluntary bankrupt if your total debts owing are over $1,000 and be unable to pay your debts. A creditor will not force you into bankruptcy unless the debtor owed is $1,000 or more. However, you are advised to discuss your financial difficulties and schedule a consultation or credit counselling to get the proper information and discuss your options. Bankruptcy should be a last resort and it is important to know your rights and responsibilities.