2007-10-23 15:32:21 · 4 answers · asked by YOCRAPSMAN 1 in Business & Finance ➔ Personal Finance
Unless you get audited or the trustee specifically asks for bank statements for several months back you don't have to actually provide statements, you just have to list the name of the bank you have the account at,type of account, and the amount in there at the time you file for every bank account you have. You have to provide this info because in addition to listing all your debts, your budget etc, you also have to list all your assets (as this helps the trustee determine what needs to be liquidated if anything). Keep in mind you should be able to exempt at least a portion of your bank account.
2007-10-23 16:39:58 · answer #1 · answered by Lesley 5 · 1⤊ 0⤋
Bankruptcy is an inability to pay your debts. If you owed $50,000 and had $100,000 in your account, they won't let you declare bankruptcy because you have the means to pay your debts, you just don't want to.
If you don't disclose all of your assets honestly and they find out later, it is fraud and you could go to jail. (should go to jail) Bankruptcy is supposed to be a desperate option for desperate people.
good luck!
2007-10-24 10:05:29 · answer #2 · answered by Rush is a band 7 · 1⤊ 0⤋
because they like to know that you speak the truth and not try to rip of all those people you bought STUFF from.
gimme gimme!!!
2007-10-23 22:36:33 · answer #3 · answered by yasses 4 · 0⤊ 0⤋
yes because it is an asset
i am not sure how far back the look back is
2007-10-23 22:39:20 · answer #4 · answered by VATreasures 6 · 0⤊ 0⤋