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How To Calculate Your Income for Your Bankruptcy Forms if You’re Self-Employed

If you're self-employed and considering bankruptcy, you may be wondering how to calculate your income for the bankruptcy forms. The first step is to determine your average monthly income over the last six months. This can be done by looking at your bank statements and tax returns.

Once you have your average monthly income, you'll need to subtract any business expenses that are not considered personal living expenses. These expenses could include things like rent or mortgage payments, car payments, and utilities. What's left is your net income, which is what you'll use to fill out the bankruptcy forms.

If you're self-employed and considering bankruptcy, calculating your income for the bankruptcy forms can seem daunting. But with a little bit of effort, it's not as difficult as it may seem.

The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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