1. In the situation of say a sole proprietor going bankrupt, if the person has an affiliate who has owed him payment for many months before the bankruptcy is the person going bankrupt required to report what this business client owes?
What kind of asset is that? It's a owed commission the bankrupter opted not to receive basically but for months like 6 months before bankruptcy. Or are business owners not required to earmark all biz sales done before the bankruptcy to go to the trustee?
This is in a situation of ONLY unsecured credit card debts.
2. Does the bankrupt person have to disclose empty and CLOSED bank accounts, specifically ones closed overseas months before filing and if so how many month must pass before they are not required to disclose them?