Bank Statement for Chapter 7 Bankruptcy Filing and Trustee Review

Individuals and small business owners filing Chapter 7 bankruptcy need 6 months of bank statements for the bankruptcy means test, trustee packet, and creditor disclosure requirements. Convert your bank statement PDFs to Excel or CSV to clearly document all income deposits, recurring expenses, and asset transfers that bankruptcy trustees review. Organized statement exports help your bankruptcy attorney prepare accurate Schedule I (income), Schedule J (expenses), and SOFA (Statement of Financial Affairs).

Key Benefits

• Exports 6 months of statements for Chapter 7 means test income calculation
• Documents all income sources required for Schedule I bankruptcy forms
• Identifies monthly expense patterns for Schedule J expense documentation
• Highlights transfers and large withdrawals for SOFA asset transfer disclosure
• Attorney-ready Excel format for bankruptcy means test calculation review

How It Works

1. Step 1: Upload your last 6 months of bank statement PDFs
2. Step 2: Select Excel output
3. Step 3: Provide to your bankruptcy attorney for means test and schedule preparation
4. Step 4: Retain original PDFs for trustee document request

Frequently Asked Questions

How many months of bank statements does Chapter 7 bankruptcy require?

Chapter 7 bankruptcy typically requires the last 6 months of bank statements from all accounts. The bankruptcy means test uses your 6-month average income to determine Chapter 7 eligibility — if your 6-month average is below your state's median income, you qualify for Chapter 7 without further means test analysis. Your bankruptcy trustee will review all statements for recent large withdrawals, transfers to family members, or asset conversions that may constitute preferential transfers (recoverable by the trustee if made within 1–2 years of filing). Export all 6 months clearly to Excel for your attorney's review.

What do bankruptcy trustees look for in bank statements?

Chapter 7 trustees review bank statements for: (1) Income consistency — all deposits must be disclosed on Schedule I; (2) Large pre-bankruptcy withdrawals — cash withdrawals over $600 within 90 days before filing may be questioned; (3) Transfers to family or friends — preferential transfers within 1 year are recoverable; (4) Asset purchases — buying luxury goods before filing may constitute bankruptcy fraud; (5) Account closures — closing accounts before filing is a red flag. Export your statements to Excel to organize this information clearly before meeting with your attorney — it helps identify any issues before filing.

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