Self-Employed - Receivable Report

[MBeach222]

Has anyone had experience with these? Do they contact your customers? Is there an acceptible amount of receivables my biz can have? Any tips in general? Thanks

[frogger]

There could be a variety of answers to your questions and all of them could be right.

Any experience? Yes.

Do they contact your customers? The trustee might, might not.

Is there an acceptable amount? All are considered to be assets.

Any tips? Be prepared to give them up.

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Your receivables are assets that will be part of your bk estate unless you have the $$$ to exempt them (provided you have no kind or corporate structure). If these are current and collectable, you can expect for the trustee to want the $$$, whether they come form you or the debtors. It is very possible that the trustee could demand payment for these receivables.

Good luck!