Bankruptcy guide

Bankruptcy For Self-Employed People

Use this guide to organize Business Records, Income Proof, Expenses, Taxes and Chapter Choice. Start with the controlling record and date, then connect the issue to the bankruptcy chapter, property, debts, and local procedure that may change the answer.

Define the question before choosing an answer

Use this guide to organize Business Records, Income Proof, Expenses, Taxes and Chapter Choice. Start with the controlling record and date, then connect the issue to the bankruptcy chapter, property, debts, and local procedure that may change the answer.

Evidence file for Bankruptcy For Self-Employed People

Business Records

Entity records, owners, guarantees, accounts, receivables, inventory, leases, taxes, payroll, assets, and insider payments.

Income Proof

Pay records, business books, bank deposits, household contributions, tax returns, and the period each figure covers.

Expenses

The controlling document, exact date, amount or value, people involved, current status, and the source that can verify it.

Taxes

Tax type and year, return filing date, assessment, transcript, balance, lien, levy, audit, and payment history.

Chapter Choice

The controlling document, exact date, amount or value, people involved, current status, and the source that can verify it.

Facts that shape the review

  • Separate the entity from the individual: ownership, guarantees, taxes, leases, payroll, receivables, collateral, and recent owner transactions may point to different options.

Issue log

Issue Evidence to preserve Open question
Business Records Entity records, owners, guarantees, accounts, receivables, inventory, leases, taxes, payroll, assets, and insider payments.
Income Proof Pay records, business books, bank deposits, household contributions, tax returns, and the period each figure covers.
Expenses The controlling document, exact date, amount or value, people involved, current status, and the source that can verify it.
Taxes Tax type and year, return filing date, assessment, transcript, balance, lien, levy, audit, and payment history.
And Chapter Choice The controlling document, exact date, amount or value, people involved, current status, and the source that can verify it.

Questions that can change the next step

Question Your facts
What exact outcome is needed?
What date changes the next step?
Which fact remains unverified?

Timing caution

If a sale, hearing, deduction, seizure, shutoff, or response deadline is near, use qualified local help rather than waiting for general online information.

Verify with current sources

U.S. Courts Bankruptcy Basics · Official Bankruptcy Forms · Current Means Testing Data · Official source directory

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Business debt checklist