Dec
20
Steve B asked:
I am filing Chapter 7. My personal account does not show much activity. My business account shows sales of roughly 20,000 monthly however when I pay off the company that finances my inventory ( I do not own my inventory) It shows a profit of around $2000 per month. Even though my profit is below the median income, will the large deposits arouse suspision on the part of the court. The large deposits are followed by large payments to that company that owns my inventory.
[Filing For Bankruptcy]http://yeetoe.blogsome.com/2009/04/27/before-filing-bankruptcy-think/
I am filing Chapter 7. My personal account does not show much activity. My business account shows sales of roughly 20,000 monthly however when I pay off the company that finances my inventory ( I do not own my inventory) It shows a profit of around $2000 per month. Even though my profit is below the median income, will the large deposits arouse suspision on the part of the court. The large deposits are followed by large payments to that company that owns my inventory.
[Filing For Bankruptcy]http://yeetoe.blogsome.com/2009/04/27/before-filing-bankruptcy-think/
Comments
One Response to “How will my bank records affect my chapter 7 bankruptcy?”
What Is Chapter 7 Bankruptcy?
no they will look at the bottom line which is your profits!!!