Printable bankruptcy checklist

Business Debt and Personal Guarantee Checklist

Separate the business obligation from the owner’s personal exposure before comparing bankruptcy options.

Purpose

Use this for an LLC, corporation, partnership, sole proprietorship, or closed business with remaining debt.

Print-ready checklist

Record log

Creditor/asset Entity liable Personal liability Proof

Questions for qualified review

  • Is the goal to close, reorganize, or address personal guarantees?
  • Which debts may involve priority or trust-fund liability?
  • Who owns each asset and receivable?

Important caution

Do not move business money or property to an owner, relative, or new entity to keep it from creditors.

Finish the worksheet

Most urgent date:

Most important missing record:

Official source checked:

Question still unanswered:

Official starting points

U.S. Courts Bankruptcy Basics · Official Bankruptcy Forms · Official source directory