They look back 6 months at 341 Meeting?

[LilStevens]

When you went to your 341 Meeting, you have to bring past 6 months of your bank statments? Is this standard practice? I thought they only look back 2-3 months?

Thanks

[HHM]

You need to be "prepared" with 6 months...but depending on how things operate in your district, most trustees only want to see bank statements for the month or two right before BK and for the time that covers the filing date.

But yes, they can request 6 months, (they can request 2 years worth if they wanted).

[freshstart06]

I had to give that info 10 days before my 341 meeting so the trustee can review it

[LilStevens]

Thank you all.

[seafresh]

my was 6 months...

[guzzie]

didn't even ask for statements but I showed lawer last 3 months worth.....

[jp2861]

Does anyone know exactly what the trustee is looking for on the bank statements? I would assume they look for large amounts of money being withdrawn. Do they ask about every withdrawal made? Lets say I took out $100 for pocket money, would something like be scrutinized?

[lrprn]

Do they ask about every withdrawal made? Lets say I took out $100 for pocket money, would something like be scrutinized?

No and no. The trustee doesn't care about small amounts of cash. They typically look for withdrawals over $1,000 or small frequent withdrawals that add up to over $1000 in a short period of time. In those circumstances, the trustee may request that you provide documentation (or at least independent confirmation) about where the cash went.

They are also looking for account transfers to 'insider' accounts, opening and closing accounts within a year of filing...in general, anything that could be a sign of hiding money or fraud.

What might fly with one trustee may not with another. Ask your lawyer what to expect in your situation.