QUESTION
Will being self-employed years ago affect me from filing chapter 7 bankruptcy?
Asked on Apr 19th, 2017 on Bankruptcy - Wisconsin
More details to this question:
I’m filing a chapter 7 Bankruptcy. I was self-employed 4 years ago but I’m not now.
9 ANSWERS
A very high percentage of the Chapter 7 cases I file are for people who are self employed. So being self employed now or having been self employed is not, by itself, a barrier to filing Chapter 7 bankruptcy. Why would you think otherwise?
Answered on Jul 15th, 2017 at 4:49 AM
Not likely, you just have to report it and also report if there are any assets remaining from your business, including receivables.
Answered on Jul 15th, 2017 at 4:49 AM
1 Award
No, it should not have any effect on your case.
Answered on Jul 15th, 2017 at 4:48 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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No, being self employed doesn't affect filing a chapter 7. However, if you currently have a business with assets, say you own a bulldozer for your landscaping business, that is an asset and you may have to turn it over.
Answered on Jul 15th, 2017 at 4:48 AM
No, you just have to have an accounting of what you made and what do you profited.
Answered on Jul 15th, 2017 at 4:48 AM
Estate Planning Attorney serving Wilmington, DE
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Reger Rizzo & Darnall, LLP
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No, it will not.
Answered on Jul 14th, 2017 at 10:40 AM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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Of itself, your having been self-employed should have no effect whatever on your filing a Ch. 7 case. Good Luck.
Answered on Jul 14th, 2017 at 10:39 AM
No, it won't be relevant.
Answered on Jul 14th, 2017 at 10:39 AM