nother question about transferring assets

[sofarindebt]

what if you sold something and in your checking account it showed you sold it to cover your gambling loss?

For instance, we lost $1000 but before our checks went through we hurried and sold our plasma tv to a friend for $1100 and put it in the bank, then the next day our checks went through from the casino. What will the trustee think of this??????

[SinkingFast]

Just to be on the safe side, save your receipts. Write up a bill of sale for the TV. Keep that paperwork set back if needed.

Honestly tho, unless this happens in the 60 days prior to filing, chances are the Trustee won't ask about it. Typically, the Court sees you 2 most current bank acct statements. Unless your case were to happen to be "investigated" further, you'd never have to show more.

We sold stuff in the last year prior to filing but we disclosed everything. Our attny attached receipts, bank statements, the whole 9 yards. Showed the money coming in and going out of the bank. It was one of the things we went over before our 341.

Our attny was very proud of the fact we (he) had disclosed everything in detail up front. He said we shouldn't have any problems because of that. I guess it worked.