cash transactions from checking and chapter 7

[Mi Bankruptcy]

You are not required to keep receipts. However, if you list a regular expense that the trustee believes is too high that could potentially hurt you if you can't prove it. If your on the boarder of a 13 and trying to go 7 you want receipts.

We strictly stuck to using our debit card for everything so we could account for where our money went if we were ever asked.

[LuciluS]

Because the majority of our expenses are over the National and Local Standards, our BK Attorney advised us to keep receipts for the 6 mths preceding our filing of BK on 9/30/09.

My husband is a Long Distance Truck Driver gone usually 6 days a week. I'm disabled, so he does the grocery shopping. Every week, he marks the Wal-Mart SuperCenter receipt for Food, Personal Hygeine items, products purchased for home maintenance & food items he takes with him in the Big Truck.

He also goes to the ATM and draws out money each week for use while in the Big Truck. He gets a receipt for everything. If he stops at a rest area & buys a soft drink & chips, he will use a small pad & notate city,state of reststop, date & time & items purchased and the total. It's amazing how many receipts he has in a month's time.

Attorney will review the receipts and if Trustee requests them, we gotta em LOL! We will be below our State's Median Income for the 6 mth. 'look back' period. I receive Social Security Disability and that income is not included in the look back period; however, the Gross is used in determining our disposable income.

Hired an Attorney? If so, I would seek his advice on the withdrawal of $400 cash monies each week.

[Trixie007]

we took $700 every two weeks in cash (household of 4) that covered everything except gas and regular bills - our attorney indicated that wouldn't be a problem without receipts.

[Mi Bankruptcy]

It won't be a problem. You will just need to account for where the money is being spent. If your chapter 7 is difficult you could be asked for receipts..

[Stressedout7]

does cash withdrawls in the months leading up to bancruptcy cause a problem? my husband has a habit of taking money out a couple times a week for expenses and living, about 400.00 a week? will this be a problem?