What does the trustee know before the 341?

[Brighterdays]

I was told CC and bank statements wouldn't be neccesary. Now my case is/will be pretty straighforward and simple (no assets no income). If they suspect anything, like jessiegirl, or just feel like screwing with someone, they can go back and dig into the statements. As the op asked," before the meeting", I haven't heard of the trustee looking at any of that stuff, maybe public records ie motor bureau, credit, and your petition. I will keep you all posted though.

[kathy4530050]

Great. I'll be watching and waiting. . .

[jj26]

Mine is in a week (doing pro se CH. 7) and so far I haven't gotten any letter sent requesting any more info or docs, just the initial letter they send out notifying creditors of the BK. I figure I will bring my submitted forms, my last two tax years and recent paystubs and bank statements in case they ask.

[downsized]

.

[diebroccoli]

The TT definently had to have the 2007 and 2008 tax returns. He had my 2007 and reviewed it and gave it back to me during the 341. He asked why he did not have the 2008 and I told him I filed it April 15th. He said he would continue my 341 until he had a chance to review it. I told him I had it and gave it to him on the spot.

He did not have my bank statements before or after filing and did not ask for them. I had them with me as well. I brought my fanfold folder with everything I have heard on theis forum has been asked for our could be asked for. I think he could tell I could backup anything that was questioned. He asked how i figured the value of guns and I told him how I used the gun value blue book and even used online web sites to price all of my personal belongings. He said he was not aware of any websites for that, and I told him that there is several sites that help you figure out garage sale pricing or value for donating goods according to the IRS standards.

I think I had it together when i went to the 341 and I have a good attorney as well. I gave her everything I had with me in advance so she could awnser anything. I even phot copied the pages out of the gun blue book.

would LOVE to see links to those sites posted here as i will be gathering documents and assessing values soon.

[eddiep]

I know this is a repeat question but I want a link to the pricing/value site too!

[MichiganMan]

Here are a couple links I used

http://www.salvationarmyusa.org/usn/...F?Opendocument

http://garagesalehomepage.com/PricingMain.php

http://www.goodwillsew.com/page.asp?dbID=295

I used these for a start. I will find the others and link them as well. The IRS accepts these so in theory they should be acceptable for BK courts. My TT seemed to like them.

Maybe someone could make a permanent sticky note of this post.

[diebroccoli]

http://www.salvationarmyusa.org/usn/...F?Opendocument

http://garagesalehomepage.com/PricingMain.php

http://www.goodwillsew.com/page.asp?dbID=295

I used these for a start. I will find the others and link them as well. The IRS accepts these so in theory they should be acceptable for BK courts. My TT seemed to like them.

Maybe someone could make a permanent sticky note of this post.

:hifive:

[hopefulbk]

The TT definently had to have the 2007 and 2008 tax returns. He had my 2007 and reviewed it and gave it back to me during the 341. He asked why he did not have the 2008 and I told him I filed it April 15th. He said he would continue my 341 until he had a chance to review it. I told him I had it and gave it to him on the spot.

He did not have my bank statements before or after filing and did not ask for them. I had them with me as well. I brought my fanfold folder with everything I have heard on theis forum has been asked for our could be asked for. I think he could tell I could backup anything that was questioned. He asked how i figured the value of guns and I told him how I used the gun value blue book and even used online web sites to price all of my personal belongings. He said he was not aware of any websites for that, and I told him that there is several sites that help you figure out garage sale pricing or value for donating goods according to the IRS standards.

I think I had it together when i went to the 341 and I have a good attorney as well. I gave her everything I had with me in advance so she could awnser anything. I even phot copied the pages out of the gun blue book.

Never mind I see your link below.. thanks!

[jessegirl]

Foe me I believe that the red flag went up when the trustee seen that we were over the median and had alot of credit card debt. Our attorney says that almost all people that are over the median get red flagged. Sucks but I feel that this was true for us. From there the trustee examined everything in our schedules as far as transportation, water & sewage, electric, gas. etc. We had to proved everything. We were vey nervous BUT had most of the documentation except for cc statements. WHich we managed to get some. We had to show gas receipts, gas bills, electric bills.water & sewage, etc....

[Lajazz947]

Foe me I believe that the red flag went up when the trustee seen that we were over the median and had alot of credit card debt. Our attorney says that almost all people that are over the median get red flagged. Sucks but I feel that this was true for us. From there the trustee examined everything in our schedules as far as transportation, water & sewage, electric, gas. etc. We had to proved everything. We were vey nervous BUT had most of the documentation except for cc statements. WHich we managed to get some. We had to show gas receipts, gas bills, electric bills.water & sewage, etc....

Yep, my attorney told me that if you are over the means and have allot of debt that they will red flag you.

If you have been following my posts the Tt has asked for everything but CC statements which I have in case they need them.

I filed in 12/08 and am STILL dealing with this BS. Request after request after request. Luckily I have everything. They have yet to catch me in a lie ( and they won't because I have everything documented ) but they keep on trying.

I even gave then my baseball cards and now they want some more stuff trying to catch me lying on income and company ownership.

Hey, if they find income that I missed please tell me. If they find that I own some company please tell me as I have not been paid anything on that ownership.

I guess its a crapshoot with them. Just keep everything in order and have it ready to produce.

Good luck.