How does the bankruptcy court determine what my income is if I am self employed?

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

Get a Free Consultation

Read Some of our Other Recent Posts

Emotional Blackmailers: The Narcissist’s Close Relative

Nowadays, everyone talks about the Narcissist, yet not every individual checks off all the boxes for Narcissistic Personality Disorder (NPD). This leaves many victims of emotional abuse in the dark about what exactly they are experiencing in their relationships. Let...