Define the question before choosing an answer
Use this guide to organize Personal Guarantee Exposure, Lawsuits, Bankruptcy Options and Records. 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 Business Debt And Personal Guarantees
Personal Guarantee Exposure
Entity records, owners, guarantees, accounts, receivables, inventory, leases, taxes, payroll, assets, and insider payments.
Lawsuits
Court, case number, parties, service date, order, amount, next deadline, and current enforcement status.
Bankruptcy Options
The controlling document, exact date, amount or value, people involved, current status, and the source that can verify it.
Records
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 |
|---|---|---|
| Personal Guarantee Exposure | Entity records, owners, guarantees, accounts, receivables, inventory, leases, taxes, payroll, assets, and insider payments. | |
| Lawsuits | Court, case number, parties, service date, order, amount, next deadline, and current enforcement status. | |
| Bankruptcy Options | The controlling document, exact date, amount or value, people involved, current status, and the source that can verify it. | |
| And Records | 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