Legal Question in Bankruptcy in California

Self-employed

Is it harder to file bankruptcy if your self-employed? I wanted to file with my spouse and was told that it is harder to file when you are self employed.


Asked on 7/20/05, 9:56 pm

2 Answers from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Self-employed

The trustee who handles your Chapter 7 bankruptcy probably will want to see your income tax returns for 2-3 years. You'd also have to disclose any inventory you might have. I haven't encountered other problems because of self-employment. I'll be setting up shop in the Bay Area in a couple of weeks. You can call me if you need further info. (310) 858-9771.

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Answered on 7/20/05, 10:20 pm
Chris Johnson Christopher B. Johnson, Attorney at Law

Re: Self-employed

There's more work involved (some extra questions to answer on the petition), and the bankruptcy trustee will probably want to see past tax returns and perhaps bank statements to verify your information about the business. However, it should not be more difficult to get a discharge.

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Answered on 7/21/05, 12:05 pm


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