For bankruptcy · Chapter 7, 11 and 13

Every transfer before the petition

Give it the chapter and the petition date. CounselPro reads every account the estate touches, lays out what moved inside each window before the filing, marks the payments to insiders, and keeps the statement page behind every row.

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Forensic report · bankruptcyCalder Fabrication · Ch. 7 · 11 accounts
Chapter7
Petition6 Feb 2025
Insider lookback60 months
What left the eleven accounts inside the ninety days, the year and the two years before the petition of 6 February 2025, on an axis that ends at the petition date.
24 months before the petitionPetition · 6 Feb 2025
2 years$9,740,000
1 year$5,120,000
90 days$1,284,000

Every payment out of the eleven accounts, measured back from the petition date.

To related parties, inside the year$186,500

Payments to a related party. Two transfers to an entity that shares a managing member with the debtor and appears in no other account in the case (····3308.pdf, p. 22).

The questions

What a petition turns on

Five questions come up on both sides of a bankruptcy. Each is answered on the records, and each answer keeps its page.

01

What was paid in the 90 days before filing?

Every account filtered to the window before the petition, payee by payee, with the total.

Transaction categorization
02

Which payments went to insiders?

Payees resolved across the case, so a second entity with the same people behind it reads as one name.

Related parties
03

What left the estate before the petition?

Purchases, transfers and property traced to whoever received them, hop by hop.

Asset tracing in the report
04

Do the deposits match the income on the schedules?

Income computed from the deposits, with internal transfers, refunds and loan proceeds set aside.

Income verification
05

Did the production include every month?

A grid of account by month showing which cycles were produced and which are still outstanding.

Statement coverage

The preference ledger

Every payment inside the window, with the insiders marked

A trustee builds this list out of the statements the debtor produced. Payments of $40,000 or more in the year before the petition, who received them, how many days before the filing they cleared, and which of them went to someone connected to the debtor.

  • 12 Feb 2024 · 360 days$86,500
    Calder Holdings LLCLoan repayment
    Insider · shared member····3308, p. 22
  • 30 Apr 2024 · 282 days$61,200
    Marlin Tool & DieMaterials supplier
    Trade creditor····3308, p. 31
  • 19 Aug 2024 · 171 days$100,000
    Calder Holdings LLCEquipment purchase
    Insider · shared member····3308, p. 44
  • 4 Nov 2024 · 94 days$48,900
    Ridgeline Supply CoMaterials supplier
    Trade creditor····3308, p. 58
  • 21 Nov 2024 · 77 days$77,400
    Ridgeline Supply CoMaterials supplier
    Trade creditor····3308, p. 61
  • 6 Dec 2024 · 62 days$54,300
    Harbor Point LeasingEquipment lease
    Trade creditor····3308, p. 63
  • 14 Jan 2025 · 23 days$118,000
    Marlin Tool & DieMaterials supplier
    Trade creditor····3308, p. 71
  • 28 Jan 2025 · 9 days$113,400
    Ridgeline Supply CoMaterials supplier
    Trade creditor····3308, p. 74
  • Eight transfers, in the year before the petition$659,700

Inside the ninety days

Four payments totalling $363,100, the last of them nine days before the filing (····3308, p. 74).

Just outside the ninety days

A payment of $48,900 on 4 November lands 94 days before the petition (····3308, p. 58).

Inside the insider year

$186,500 to an entity that shares a managing member, the earlier transfer 360 days out (····3308, p. 22).

The report for a bankruptcy estate

Five of its twelve sections are written for a petition

Pick bankruptcy, give it the chapter and the petition date, and the report writes the sections an estate needs, each finding cited to its page. Related parties, transfers out and the sequence around the filing are written up here.

The intake

ChapterPetition datePrior filingsInsider lookback

The sections a petition leans on

  1. 05Related party transactionsMoney moving to and from connected people and entities.
  2. 07Asset tracingProperty bought, moved or dissipated in the run-up to the filing.
  3. 08Transfer pattern analysisSystematic movement of funds out of the accounts.
  4. 10Means test and eligibilityIncome measured against the thresholds, for an individual filing.
  5. 11Forensic timelineThe sequence around the petition date and the windows before it.
See the forensic report
Forensic accounting report · prepared for counselp. 31 of 58

Calder Fabrication LLC · Chapter 7

8. Transfer pattern analysis

In the twelve months before the petition the operating account paid $186,500.00 to Calder Holdings LLC, an entity that shares a managing member with the debtor and appears in no other account in the case. The two transfers are recorded as a loan repayment and an equipment purchase.

The transfers section 8 rests on
DateFromAmount
12 Feb 2024Operating ····3308$86,500.00
19 Aug 2024Operating ····3308$100,000.00
14 Jan 2025Operating ····3308$118,000.00
28 Jan 2025Operating ····3308$113,400.00

Payments to a related party. Two transfers to a connected entity inside the insider lookback may warrant scrutiny (····3308.pdf, p. 22).

Payments to trade creditors in the ninety days before the petition total $363,100.00 across four transfers to three suppliers. Two of the three were paid more in that window than in the nine months before it.

11. Forensic timeline

Payroll runs continue through 24 January 2025. The last transfer out of the operating account clears nine days before the petition.

The two payments to Calder Holdings LLC fall on 12 February and 19 August 2024, 360 and 171 days before the filing. Each lands in the week after a deposit of a similar size into the operating account, and each is the largest payment out of that account in its month.

12. Conclusion and recommendations

The transfers set out in sections 8 and 11 are listed with the statement page each was read from, so counsel can assess them against the record as produced.

Recommended next steps. Request the statements for Calder Holdings LLC ····6120 for 2024 and 2025, which would follow the $186,500.00 past the receiving account and show whether any of it returned to the debtor.

Request the invoices behind the four payments to trade creditors in the ninety days before the petition, $363,100.00 in all, so each can be set against the terms the debtor paid on in the nine months before.

Request the loan agreement and the equipment invoice the two transfers to Calder Holdings LLC are recorded against. The operating account shows the payments and the page each one prints on.

The coverage summary lists every monthly cycle of the operating account ····3308 held in the production, so each window before the petition can be read against the months it rests on.

Both sides

Trustee, creditor or debtor

The same reading works from either chair. The trustee and creditor counsel run it to find what comes back to the estate, and debtor’s counsel runs it first, so the schedules go in knowing what the records show.

The trustee and creditor counsel

Preference exposurePayments inside the window, grouped by who received them, with the total.
Insider paymentsA second entity with the same people behind it reads as one payee across every account.
Transfers outCash and property that left in the run-up to the filing, traced to whoever received it.
The biggest transfers firstThe ledger sorts by amount, so the first demand letter goes to the largest payment.
Asset tracing for trustees

Debtor’s counsel

Before the schedules go inThe deposits and the payments read off the statements, so the schedules match the accounts.
The 341 meetingThe questions the trustee will ask, answered from the same records, first.
Ordinary courseA supplier’s payment history across the prior year, beside the payments inside the window.
Means test incomeIncome computed from the deposits, with internal transfers, refunds and loan proceeds set aside.

One petition, read end to end

An illustrative Chapter 7, from the production to the demand letters

Eleven accounts across an operating company, a holding entity and the personal accounts underneath them, five years of statements, and a petition date to count back from. Every month balanced to what the bank printed.

18,940

Transactions read across 11 accounts and five years

$659,700

Paid out in transfers of $40,000 or more in the year before filing

$186,500

Of that, to an entity sharing a managing member with the debtor

The upshot

A ledger either side can work from, with the days before the petition on every row and the statement page behind every figure.

Bankruptcy analysis questions, answered

What bankruptcy attorneys ask first

Can CounselPro find preference payments before a bankruptcy filing?
Give it the petition date and it lays every payment against the windows before it: the ninety days, the year, and the two years. Payees are resolved across the whole case, so a supplier paid out of three different accounts reads as one name with one total, and every row keeps the statement page it was read from.
How do you trace payments to insiders in a Chapter 7 case?
Payees are resolved across every account, and a recipient that appears nowhere else in the case is flagged. An entity that shares people with the debtor comes back as a single payee with its own total, and the related party and transfer sections of the forensic report write the pattern up, cited to the page. The product flags, and leaves the legal conclusion to you.
Does CounselPro compute income for the means test?
Income is computed from the bank deposits, with internal transfers, refunds and loan proceeds set aside, and the means test section of the report sets that figure against the thresholds for an individual filing. It comes off the accounts, so every deposit behind it keeps its statement page.
Can it read scanned bank statements from the debtor?
Yes, including the ones that arrived as a phone photograph of a paper statement. CounselPro builds a reading plan for each institution’s layout, and every cycle is balanced to its printed beginning and ending totals. A cycle that comes up short is read again against the page image until every figure matches what the bank printed.

Bring the estate’s statements

Send the production the way the debtor handed it over, and count back from the petition date.

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