Pubs & Bars + Bankruptcy Filing: The Challenge
As pub owner, preparing bank statements for bankruptcy filing is a common but time-consuming task. 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 Pubs & Bars with Bankruptcy Filing
Convert your pub bank statements to Excel to reconcile daily takings, match brewery and supplier invoices, and prepare VAT returns accurately. For bankruptcy filing specifically, BankScan AI extracts Current Monthly Income (CMI) for means test, payments to creditors in the 90 day automatically.
How Pubs & Bars Handle Bankruptcy Filing
When preparing bank statements for bankruptcy filing, pubs & bars need to Pub owners reconcile daily card terminal settlements and cash banking against till Z-readings, match brewery and drinks supplier invoices against bank. BankScan AI automates the data extraction step.
Key terms you'll encounter: Z-reading, wet sales, dry sales, cellar management.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload 6 months of statements for means test (CMI calculation); trustees may request up to 2 years to identify preferential or fraudulent transfers of statements for bankruptcy filing.
AI extracts what you need
Our AI extracts Current Monthly Income (CMI) for means test, payments to cre — formatted for pubs & bars workflows.
Complete your bankruptcy filing work
Download Excel files ready 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:
Features for Pubs & Bars — Bankruptcy Filing
- Built for Pubs & Bars — Saves 2-3 hours per week on daily takings reconciliation and brewery payment matching for a typical pub processing 300+ transactions per day
- Software compatible — Output works directly with Xero, QuickBooks, Stonegate POS
- 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
Compliance: Pubs & Bars + Bankruptcy Filing
When pubs & bars prepare bank statements for bankruptcy filing, specific compliance requirements apply.
- Licensing Act 2003 compliance requires financial records demonstrating responsible management. HMRC scrutinises cash-heavy businesses more closely, and pubs must maintain detailed records of cash and card takings. VAT on alcohol, food, and soft drinks may have different rates. Machine gaming duty applies to fruit machines.
- Legal basis: 11 USC section 707(b) (means test for Chapter 7); 11 USC section 521 (debtor duties including document production); Bankruptcy Rules 1007 and 4002
Bankruptcy Filing — Built for Pubs & Bars
Bankruptcy petition triggers automatic stay immediately; however, required documents (including bank statements) must be filed within 45 days or the case may be dismissed
Try Free — Pubs & Bars + Bankruptcy Filing