My Bankruptcy is getting Audited!

[jaina]

I'll try not to worry about it. It's hard not to though.

[WantToBeDebtFre]

I filed on 11/17/07 and I was notified by my lawyer today that I was selected for the "routine audit" too. The trustee wants to see 6 months worth of paystubs, 3 months of bank statements, and my tax returns from the last 2 years. I looked on Pacer, the last update they had was on 11/23/07 and it mentioned nothing about an audit... weird. Anyway, did you hear back from your trustee? Did he ask for more information? What should I expect?

The trustee has never said anything about my audit and I've seen him twice so far. I turned in all the paperwork to my attorney and they submitted it to the company doing the audit. Yesterday I got a call that they needed another bank statement which I sent them. It does show up in PACER for me that I'm being audited. I just went to my second 341 today and it was finally ajourned.

[treehugger1]

Hmmm,

So if one uses a paper paycheck and operates on a cash and money order basis and doesn't keep records, how does one perform any kind of audit? I'm just musing to myself, but I can see where it would be useful to be very unsophisticated when it comes to the use of bank accounts and record-keeping.

Attempting to perform an audit on a cash and carry individual would be a potential nightmare.

If one were to audit my bank statements over the last nine months, about all they would see are some ACH payments for utilities, insurance, auto payments, etc. I have no more than 6 -7 activities on my account every month. The remaining money from my paycheck evaporates into money orders and cash. I don't keep any records of where the cash goes. I can probably come up with reasonable guesses (gas, food, rent, etc.) but I know of no rule that states I'm expected to keep records.



Can one be "denied" a bankruptcy for not keeping records? I thought that's what the financial classes, etc were required for. LOL

[woohoogirl]

Hmmm,

So if one uses a paper paycheck and operates on a cash and money order basis and doesn't keep records, how does one perform any kind of audit? I'm just musing to myself, but I can see where it would be useful to be very unsophisticated when it comes to the use of bank accounts and record-keeping.

Attempting to perform an audit on a cash and carry individual would be a potential nightmare.

If one were to audit my bank statements over the last nine months, about all they would see are some ACH payments for utilities, insurance, auto payments, etc. I have no more than 6 -7 activities on my account every month. The remaining money from my paycheck evaporates into money orders and cash. I don't keep any records of where the cash goes. I can probably come up with reasonable guesses (gas, food, rent, etc.) but I know of no rule that states I'm expected to keep records.



Can one be "denied" a bankruptcy for not keeping records? I thought that's what the financial classes, etc were required for. LOL

Oh please don't think that. My accounts look like yours and I am sadly a poor record keeper. That's my New Years Resolution!!!

[Bandit]

Can one be "denied" a bankruptcy for not keeping records? I thought that's what the financial classes, etc were required for. LOL

hmmm, not sure about not keeping records but I have seen a law somewhere, if there were/are records & they were destroyed (like as in on purpose).

[stopthebleeding]

o know how scary. Good Luck with it and I hope you don't get charged more.