Paypal Debit Card and Bankruptcy Petition

[debee]

oh....i didn't think those types of questions as "personal" on this forum as MOST of us have that info in our signature spots..

But I don't. It's not there for a reason. It's a mistake to assume I don't have personal bk experience because of that.

Earlier in this thread, in response to my first post here, you discounted my position and then made remarks about some people just wanting to "scare" others and how they hadn't even filed bk yet, etc. Those kind of remarks are insinuating and personal. They're not about the facts, the OP or the OP's case or how to best help the OP. They're really just about discrediting a person on the basis of something other than what they have actually said.

The truth is the truth no matter who says it.

I think it's great when people who take different sides on an issue help each other learn so they can both move forward and help others with better understanding and better information. I'm really grateful for what I've learned from people here who think differently than I do. But I don't think it's helpful to make personal, insinuating remarks or to try to discredit a person.

That is what I meant when I asked you not to get personal with me. Disagree with my facts anytime. Share information so we can all learn. But just because I take a position on an issue that is contrary to yours, don't come after me personally, or imply things about my motives, experience or value as a member of this forum.

Note: My apologies to everyone especially LynnD whose thread this is. I prefer to talk bk issues, and not about me or my filing or my motives for being here.

[tobee43]

HA!! We need one of the calm cool relaxed people to take the picture though or it may be a little blurry Shaky, sweaty hands and all ....

i don't know any! LOL!!!

actually, and honestly...we took it slow and easy...i trolled this site almost a year before diving into the waters....i'm NOT saying we didn't sweat it out...it's just i was really ocd...i know i did my homework the best i could and went forward with the attitude the chips will land where they fall and whatever i have to pick up i will.

we didn't even do pacer...just didn't think about the 60 day club...or if we'd be turn into an asset case...not a thought...ok...maybe a bit of grey goose to get me asleep...but tried everything to keep our minds off it...

that was between the shaking, and sweating...

[tyson24]

HA!! We need one of the calm cool relaxed people to take the picture though or it may be a little blurry Shaky, sweaty hands and all ....

[Freddy03]

Oh god!! LOL I am the poster child for sweating every little bit of every tiny minute part of my case I was just offering some experience. I sweated everything and have so many more gray hairs in just 90 days because of it

I'll be standing next to you for the picture...LoL!

I haven't even filed yet and just noticed I have over 600 posts... Yikes! I like to ask questions I guess.

[tobee43]

Oh god!! LOL I am the poster child for sweating every little bit of every tiny minute part of my case I was just offering some experience. I sweated everything and have so many more gray hairs in just 90 days because of it

me too!! and i even knew better!!! but i'm so ocd i sweated it all...everything....like a big game of chess....ahhhhhhh i'm just so glad it's over now...and now we have this house...it's starting out a GREAT year...

[tyson24]

unfortunately for some...it's so hard not to sweat the small stuff when going through this terrible process... so i really hope OP just does really stop worrying about it...and your so right...one can beat every issue until it's dead!! there is nothing that can't get resolved...nothing.

Oh god!! LOL I am the poster child for sweating every little bit of every tiny minute part of my case I was just offering some experience. I sweated everything and have so many more gray hairs in just 90 days because of it

[tobee43]

Lynn,

I would do just as Tom and tobee said. Throw it in the "don't worry about it" file. Just like a throw away credit card with no balance. Good luck to you Honestly, I have beat every issue in my BK with a dead horse and when it was all said and done, (well not officially DONE) it was all moot. Relax and don't sweat the small stuff

unfortunately for some...it's so hard not to sweat the small stuff when going through this terrible process... so i really hope OP just does really stop worrying about it...and your so right...one can beat every issue until it's dead!! there is nothing that can't get resolved...nothing.

[tobee43]

Asking about one's personal experience is rather, well, personal. Some choose not to share that information. I don't think it makes the information they share less relevant. I for one have found that because personal experiences in bankruptcy vary so widely, I prefer to read actual case law etc. on issues. It makes me feel a lot more confident than just "he said, she said" so to speak. Just my personal preference

case law does not always rule favorably in an actual court room as we see on tv....i have seen judges take "case" law and throw it right out the door....

i have also in my total career as a law researcher sited thousands of cases.....for the atty's i worked for and many of the cases although on the books meant nothing....the judges do their own interpretation of the "law"....and it's usually the best or better atty that can also make that case law fit into their situation the best....seen it 15 years i was in the business...13 at one firm and 2 years at another.

it's like doctoring yourself when your a doctor....i'd rather see it then read it! again it's personal, however, i rather speak with someone that actually went through the process and experience that is right brained and just looks up law...(been there, done that).... but you're right...or correct... some may find it too personal to ask about their bk on a bk forum. i don't get it, but i understand it.

it's kinda someone telling you what it feels like to give birth....and be a man....LOL!!!!

[tyson24]

Lynn,

I would do just as Tom and tobee said. Throw it in the "don't worry about it" file. Just like a throw away credit card with no balance. Good luck to you Honestly, I have beat every issue in my BK with a dead horse and when it was all said and done, (well not officially DONE) it was all moot. Relax and don't sweat the small stuff

[free2breathe]

Asking about one's personal experience is rather, well, personal. Some choose not to share that information. I don't think it makes the information they share less relevant. I for one have found that because personal experiences in bankruptcy vary so widely, I prefer to read actual case law etc. on issues. It makes me feel a lot more confident than just "he said, she said" so to speak. Just my personal preference

[tobee43]

Tobee, this is weird. If you had wanted to ask me personal questions you should have pm'ed me. Had you done that, I still wouldn't have answered you, but that's where it should have been done.

Please don't get personal with me on a thread again.

oh....i didn't think those types of questions as "personal" on this forum as MOST of us have that info in our signature spots...open...in public..and it's a "bankruptcy" forum so usually people talk about their bk experiences they had themselves, sorry if you misunderstood...it wasn't that i was asking your your name or address or ss...or the such....it's a basic question on the forum...many people ask each other when they filed, did they go chapter 7, 13, 11, 20 or why...etc... or when they were discharged....i just wanted you to share your experiences that's all...and yes, your correct in as much as the question was personally directly to you, however,i didn't mean to GET personal, but i just wanted to know where and what you personally, yourself.....YOUR experience with you journey brought you... i think that's fair...if you took it personally...well then what can i say?

[debee]

so debee...when did you file your bk?????? and was it discharged yet.....just looking for something you personally went through....just a REAL experience....i know you are so smart and have so MUCH to share....please tell us about YOUR experience with YOUR bk....

Tobee, this is weird. If you had wanted to ask me personal questions you should have pm'ed me. Had you done that, I still wouldn't have answered you, but that's where it should have been done.

Please don't get personal with me on a thread again.

[tobee43]

This is a thread from 2010: http://www.bkforum.com/showthread.ph...ghlight=paypal

The post of interest in it is shark's because he/she quotes the new (as of 2011) IRS reporting guidelines that have nothing to do with the interest bearing aspect of paypal accounts (& 1099s) which is paper trail enough, but now there are also reporting issues with the number of transactions (which could be 200 peanut transactions) and/or the dollar amount (20K plus).

Most people use paypal as a pass-through account - I know I do - and when that's the case, there is nothing to hide. BUT that doesn't mean the trustee won't ask for records. Some people leave money 'on deposit' in their accounts and others operate businesses through paypal (while still retaining the option of leaving money on deposit). When there is a trail leading from the person's bank account to paypal there is every reason to ask for the records just in case the person is stashing money there.

Personally, I think it's a mistake to underestimate the intelligence of the trustee & her/his staff. I also think it's always in a debtor's best interest to avoid unnecessary delays. To each his own.

eta: The threads (in my previous post) were from 2008 & late fall 2009.

so debee...when did you file your bk??????
and was it discharged yet.....are you ready to celebrate the 60 day club yet...or did you file a chapter 13????

just wondering here......you seem to have many comments but NO experience??? just looking for something you personally went through... and can share without leading to a http/ or a quote....just a REAL experience....i know you are so smart and have so MUCH to share....please tell us about YOUR experience with YOUR bk....

and once again happy new year...and we are closing on ur house next month!! whoppppppppeeeeeee

[debee]

that's from 2008....many trustee's were just being to understand what paypal is or really is NOT....

This is a thread from 2010: http://www.bkforum.com/showthread.ph...ghlight=paypal

The post of interest in it is shark's because he/she quotes the new (as of 2011) IRS reporting guidelines that have nothing to do with the interest bearing aspect of paypal accounts (& 1099s) which is paper trail enough, but now there are also reporting issues with the number of transactions (which could be 200 peanut transactions) and/or the dollar amount (20K plus).

Most people use paypal as a pass-through account - I know I do - and when that's the case, there is nothing to hide. BUT that doesn't mean the trustee won't ask for records. Some people leave money 'on deposit' in their accounts and others operate businesses through paypal (while still retaining the option of leaving money on deposit). When there is a trail leading from the person's bank account to paypal there is every reason to ask for the records just in case the person is stashing money there.

Personally, I think it's a mistake to underestimate the intelligence of the trustee & her/his staff. I also think it's always in a debtor's best interest to avoid unnecessary delays. To each his own.

eta: The threads (in my previous post) were from 2008 & late fall 2009.

[tobee43]

http://www.bkforum.com/showthread.ph...bay-and-Paypal

that's from 2008....many trustee's were just being to understand what paypal is or really is NOT....


however, it is true now that many large companies use paypal to get payments.....

once again, i looked at that thread and it was too long ago to be updated or maybe even at the time (i know our trustee was about 70 years old) and most likely didn't or doesn't use paypal much like many of us do today.

however, the bottom line here is being honest and not holding back any info that can come back to bite you.

had i had over a few hundred dollars in there....i would have listed it ...no doubt...