Filing bankruptcy while self-employed
If you're self-employed and considering bankruptcy, you're not alone. In fact, many small business owners file for bankruptcy each year. The process is a little different for self-employed individuals, but it is still possible to get the relief you need.
Here are a few things to keep in mind if you're thinking of filing for bankruptcy as a self-employed individual:
1. You'll need to provide documentation of your income and expenses. This may include tax returns, bank statements, and receipts.
2. You can still file for bankruptcy if your business is losing money. However, you'll need to show that you've made a good faith effort to turn things around before filing.
3. Be prepared to explain why you're unable to pay your debts. This could include factors like unexpected medical expenses or a downturn in business revenue.
The 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 the 12738 Ramona Blvd Baldwin Park CA 91706