Filing bankruptcy while self-employed
Self-employment has many advantages, but it can also make filing for bankruptcy a more difficult process. If you are self-employed and considering bankruptcy, there are a few things you need to know.
First, you will need to provide documentation of your income and expenses. This may include tax returns, bank statements, and financial records. Be prepared to show the court how much money you bring in and where it goes.
Second, you may be required to participate in credit counseling. This is a mandatory step in the bankruptcy process for all filers, but it can be especially helpful if you're self-employed. A credit counselor can help you develop a budget and understand your options for repaying your debts.
Third, remember that bankruptcy is not always the best option for everyone.
The Law Offices of Omar Zambrano has helped thousands of people and them 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