Bank Statements for Bankruptcy Filing: The Challenge
Bankruptcy attorneys and filers need 6+ months of bank statements for means testing, Schedule I/J preparation, and trustee review in Chapter 7 and Chapter 13 cases.
How BankScan AI Helps with Bankruptcy Filing
Convert bank statements to Excel for quick means test analysis, income/expense categorization, and complete financial disclosure required by bankruptcy courts.
How It Works
Upload your bank statement PDF
Supports all major banks. 6 months of statements for means test (CMI calculation); trustees may request up to 2 years to identify preferential or fraudulent transfers of statements? No problem.
AI extracts every transaction
Our AI pulls out dates, descriptions, amounts, and balances — the Current Monthly Income (CMI) for means test, payments to cre you need.
Use for bankruptcy filing
Download a clean Excel or CSV file formatted for bankruptcy filing. Income averaged over 6-month look-back period per means test form (B122A/B122C); expenses categorized per Schedule J; transfers over $600 in prior 2 years identified for SOFA
Supported Banks
BankScan AI works with all major UK and US banks, including:
Why BankScan AI for Bankruptcy Filing
- Built for Bankruptcy Filing — Convert bank statements to Excel for quick means test analysis, income/expense categorization, and complete financial disclosure required by bankruptcy courts.
- Key data extracted — Current Monthly Income (CMI) for means test, payments to creditors in the 90 days pre-filing (preferential transfers), insider payments in prior year, cash on hand at filing date
- Deadline ready — Bankruptcy petition triggers automatic stay immediately; however, required documents (including bank statements) must be filed within 45 days or the case may be dismissed
Legal & Regulatory Context
Bank statements for bankruptcy filing are typically required under: 11 USC section 707(b) (means test for Chapter 7); 11 USC section 521 (debtor duties including document production); Bankruptcy Rules 1007 and 4002
- Typical timeframe: 6 months of statements for means test (CMI calculation); trustees may request up to 2 years to identify preferential or fraudulent transfers
- Required by: Chapter 7 or Chapter 13 bankruptcy trustee; US Trustee's office; bankruptcy court as part of the petition schedules and Statement of Financial Affairs (SOFA)
What Data You Need for Bankruptcy Filing
When preparing bank statements for bankruptcy filing, these are the key data points Chapter 7 or Chapter 13 bankruptcy trustee; US Trustee's office; bankruptcy court as part of the petition schedules and Statement of Financial Affairs (SOFA) look for:
- Current — Current Monthly Income (CMI) for means test
- payments — payments to creditors in the 90 days pre-filing (preferential transfers)
- insider — insider payments in prior year
- cash — cash on hand at filing date
Formatting Your Statements for Bankruptcy Filing
Getting bank statements right for bankruptcy filing requires attention to specific formatting requirements:
- Income averaged over 6-month look-back period per means test form (B122A/B122C); expenses categorized per Schedule J; transfers over $600 in prior 2 years identified for SOFA
- Deadline pressure: Bankruptcy petition triggers automatic stay immediately; however, required documents (including bank statements) must be filed within 45 days or the case may be dismissed
Prepare Statements for Bankruptcy Filing — Fast
Bankruptcy petition triggers automatic stay immediately; however, required documents (including bank statements) must be filed within 45 days or the case may be dismissed
Convert for Bankruptcy Filing — Free