Finally finished with all the paperwork! Whew! Since we own a business, all income, expenses, payments in last 6 months, all vendors (over 100) all business and personal credit cards, EVERYTHING has to be included. We must have spent 40+ hours getting all of the info and entering it into the online software interview.
I’m glad we did this, as I can see if you handed it over to an attorney that some could get missed or entered incorrectly. Especially if they have a lot of cases to deal with.
Now the attorney with review the info, and we will get together next week to review and sign the paperwork and actually file the case. I was hoping to get it done by the end of the month, but due to all the documentation it will take some time for him to review the entries.
We have decided on a personal bankruptcy, as opposed to business at this point as ALL debts to vendors, credit cards and even my business landlord are personally gauranteed. That means even if the business filed bankruptcy they could still come after me personally. I have no money!
We will have to see what happens to the business in the next couple months as sales are horrible, and we sre coming into our slower period of sales.
Tags: Bankruptcy, chapter 13, chapter 7, florida bankruptcy, personal bankruptcy