A couple of questions regarding my upcoming Chapter 7 filing.
1. My wife works hourly and has some upcoming days this month where she is going to be out of town and had planned to use vacation days. If she were to take "unpaid" days and not use vacation pay on those days, is that against any rules and will it help us get under the median income if we are borderline? We plan on filing July 12th or thereabouts and June income will be included.
2. We were truthful as to how much cash we have on hand and in checking accounts, which is less than $1800 overall, but back in Feb, March, April and May there were alot of transactions in which I withdrew a good amount of money at local casinos and in las vegas and gambled. I lost that money. It shows on the bank statements where the withdrawals took place. It is estimated to be about 10-15k. My attorney stated that the trustee in our case is only going to see the bank statement one month before our filing and none of that kind of activity has been on there since early May. Issues related to this?
3. I had regular income (commission 1099 employee) and unemployment income on my tax returns. How closely does the trustee look at the returns and do they question any deductions you took on them? I am a real estate agent and have all kinds of stuff deducted for that job but did not get a refund this year and actually paid in about $3500. Any issues with this?
I am a little concerned that we'll be grilled as to making money, not paying on our house for a long time and where the money went with so much unsecured debt (80k), but we have not charged on a credit card in 2 years so everything has been paid for with money that has come in via income or unemployment benefits. The reality is that we just continued to live above our means as time went on after two job losses and didn't change our lifestyle. That, along with the gambling issues has contributed to it, but I sure would like to be able to say we breezed through the 341 like many state on here but this stuff makes me wonder if it will be scrutinized more.
1. My wife works hourly and has some upcoming days this month where she is going to be out of town and had planned to use vacation days. If she were to take "unpaid" days and not use vacation pay on those days, is that against any rules and will it help us get under the median income if we are borderline? We plan on filing July 12th or thereabouts and June income will be included.
2. We were truthful as to how much cash we have on hand and in checking accounts, which is less than $1800 overall, but back in Feb, March, April and May there were alot of transactions in which I withdrew a good amount of money at local casinos and in las vegas and gambled. I lost that money. It shows on the bank statements where the withdrawals took place. It is estimated to be about 10-15k. My attorney stated that the trustee in our case is only going to see the bank statement one month before our filing and none of that kind of activity has been on there since early May. Issues related to this?
3. I had regular income (commission 1099 employee) and unemployment income on my tax returns. How closely does the trustee look at the returns and do they question any deductions you took on them? I am a real estate agent and have all kinds of stuff deducted for that job but did not get a refund this year and actually paid in about $3500. Any issues with this?
I am a little concerned that we'll be grilled as to making money, not paying on our house for a long time and where the money went with so much unsecured debt (80k), but we have not charged on a credit card in 2 years so everything has been paid for with money that has come in via income or unemployment benefits. The reality is that we just continued to live above our means as time went on after two job losses and didn't change our lifestyle. That, along with the gambling issues has contributed to it, but I sure would like to be able to say we breezed through the 341 like many state on here but this stuff makes me wonder if it will be scrutinized more.
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