Welcome to the Chapter 11 Calculator

0
Start
1
Business
2
About
3
Personal
4
Results

Expectations:

What do you get?

  1. Estimate whether you qualify for a Chapter 11 Subchapter 5
  2. Calculation of your current monthly income using Chapter 11 Statement of Your Current Monthly Income form 122B

What does it take?

  1. Usually takes 5 - 10 minutes
  2. Email is required for analysis
  3. Understanding of your debt, income, and expenses

What is Ascend?

Ascend is a mission based organization to help you:

  1. Simplify complex debt relief calculations
  2. Unbiasedly compare your options with pros and cons
  3. Receive free analysis of those options
  4. Receive access to the most reputable and affordable providers in your area based on what option is best for you

Please note that Ascend can provide free, unbiased information because we may charge a small fee to providers in our network. We take provider reputation seriously. Please see our vetting process to be part of our provider network.

General Business Information

What is the type of business?
Required
Approximately how much unsecured debt does your business currently have?
Required
Approximately how much secured debt does your business currently have?
Required
Do you own or have possession of any real property or personal property that needs immediate attention?
Required

Business Assets

What is your approximate cash and cash equivalents?
Required
What is the approximate amounts of your deposits and prepayments?
Required
What is the approximate amount in your accounts receivable?
Required
What is the approximate amount in your investment amounts?
Required
What is the value of your current inventory?
Required
What is the approximate value of all your other assets?
Required

Business Liabilities

What is your estimated number of business creditors?
Required
What is the approximate amount of your current liabilities (Accounts payable, accrued expenses, deferred revenue, commercial payment, current portion of long term debt)?
Required
What is the approximate amount of your long-term debt?
Required
What is the approximate amount of your other non-current liabilities?
Required
What is the approximate amount of all your other liabilities (deferred revenue, non-current)?
Required

Business Cash Flow and Income

What is the estimated amount of your average cash flow for the last 3 months?
Required
What is the estimated monthly amount of your average gross income after costs of goods sold for the last 3 months?
Required
What is your marital and filing status?
Required
What is causing you to consider debt relief?
Required
What aspect of COVID-19 is making you consider debt relief?
Required
Would you be willing to share a few sentences about the scam to help recipients of our "scam awareness" newsletter
Required
Could you provide details about the scam?
Required
Would you like to be added to our "scam awareness" newsletter?
Required
Have you been discharged from a Chapter 7 bankruptcy in the past 8 years?
Required
How often do you receive a paycheck?
Required
How much do you receive in your paycheck BEFORE taxes?
Required
How would you pay for the bankruptcy?
Required
How often does your SPOUSE receive a paycheck?
Required
How much does your SPOUSE receive in their paycheck BEFORE taxes?
Required
Your average monthly income from alimony and maintenance payments. Do not include payments from a spouse if second column is present
Required
Your average monthly income from any sources which are regularly paid for household expenses of you or your dependents, such as child support
Required
Net monthly income from operating a business, profession, or farm
Required
Net monthly income from rental and other real property
Required
Monthly interest, dividends, and royalties
Required

Less Common Incomes:

Monthly unemployment compensation
Required
Monthly pension or retirement income
Required
Monthly income from all other sources not listed above
Required
Is your household annual income approximately $0
Required
What is your zip code?
Required
How many people are in your household (including yourself)?
Required
How many people in your household are 65 or older?
Required
How many of your dependants (excluding a spouse) are over 18 years old?
Required
Approximately how much student loan debt do you have?
Required
Approximately how much other unsecured debt do you have? Please include such debts as medical, credit card and personal loan debt.
Required

Living Expenses:

What is your current living situation?
Required
Approximately how much equity (the difference of owed amount less value) do you have in your home?
Required
Monthly 1st mortgage payment
Required
Monthly 2nd mortgage payment:
Required
If applicable, how many months are your behind on your mortgage as of this month?
Required
Do you want to keep this asset?
Required
If applicable, how many months are your behind on your 2nd mortgage as of this month?
Required
Do you own equity in any high value assets such as a vacation home, boat, RV, jewelry, etc?
Required
How much equity do you own in these high value assets?
Required
Do you have any other assets of value greater than $1,000, including stocks, individual brokerage accounts, or retirement accounts?
Required
What is the value of your retirement account?
Required
What is the value of your non-retirement account?
Required

Automobile Expenses:

Monthly automobile payment:
Required
What is the Year, Make, and Model of this vehicle?
Required
Approximately how much is owed on this vehicle?
Required
Approximately how much mileage on this vehicle?
Required
Approximately how much is this vehicle worth?
Required
Is this vehicle titled in your name?
Required
If applicable, how many months are your behind on your automobile as of this month?
Required
Do you want to keep this asset?
Required
Monthly 2nd automobile payment:
Required
What is the Year, Make, and Model of this vehicle?
Required
Approximately how much is owed on this vehicle?
Required
Approximately how much mileage on this vehicle?
Required
Approximately how much is this vehicle worth?
Required
Is this vehicle titled in your name?
Required
If applicable, how many months are your behind on your 2nd automobile as of this month?
Required
Do you want to keep this asset?
Required

Other Expenses:

Do you have any outstanding balance on any such loans as jewelry, furniture, tvs, etc.?
Required
What is the balance of these loans?
Required
Do you want to keep this asset?
Required
What is the monthly amount that you pay for other debt that is secured by an asset, such as an RV, jet ski, jewelry, etc.?
Required
Did you receive a refund in your most recent tax filing?
Required
Tax debt in arrears
Required
What are the tax years for the owed debts?
Required
Did you file a return for all those years?
Required
Approximately when were the returns filed?
Required
Alimony and child support in arrears
Required

Your Results:

Which of the following do you prefer?
Required

Note: Our partners conduct free, no-hassle evaluations to learn about your options. You can complete it over the phone in as little as 10 minutes. The attorney fees are affordable, and often a flat fee. All initial consultations are 100% free of charge, and all lawyers are licensed in your state. By selecting a partner above to reach out to you, you agree that a partner may contact you (including autodials, pre-recorded calls, and SMS) to answer your questions about relief.

First Name
Required
Last Name
Required
Email to send you the estimate and calculations
Required
Phone Number
Required
Cancel
By submitting, you agree to Ascend's Privacy Policy and Terms of Use.
Disclaimer: Ascend strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product\'s site. All financial products, shopping products and services are presented without warranty, and estimated APR and other terms are not binding in any way. All loans presented on this page have a maximum APR of no greater than 35.99% with terms not less than 12 months to not more than 60 months. As an example, a $10,000 loan with an APR of 14.50% and a term of 36 months would cost $12,391.55 over the life of the loan. All rates are determined by the lender and must be agreed upon between the borrower and the borrower's chosen lender. Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, and credit history. All loans are subject to credit review and approval. When evaluating offers, please review the lender and/or lending partner's Terms and Conditions for additional details.