Generally, when we have clients come in who are self-employed, we ask that they provide us with a profit and loss statement for their business. The bankruptcy court looks at the last six months before filing. I’ll generally ask clients just to put together a simple revenue versus expenses, profit and loss sheet, and that’s basically how we come up with the income
Chapter 13 Bankruptcy in Palm Beach County: How Reorganization Helps Families Keep Their Homes During a K-Shaped Recovery
Over the past several years, the U.S. economy has experienced what economists call a K-shaped recovery. In simple terms, this means that while some households and industries have recovered quickly and even grown wealthier, others have continued to struggle with rising...