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Banking statements and the Trustee

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    Banking statements and the Trustee

    Besides seeing how much money you have in your accounts, are there other reasons for supplying the Trustee with banking statements? Do they look at it line by line to determine where your money is going? Can they tell you you're eating out to much or that you go to the grocery store to many times a month? Does it have anything to do with passing the means test even if you are at or below the allowed amount? Could they say well yeah you don't earn over your state median but you waste to much money?

    #2
    One primary reason they want to see bank statements is to determine if you have made any large withdrawals (e.g. hiding assets) or have made improper preferential payments to creditors or friends, family, etc.

    Yes, just about everything is fair game and they can nitpick the way that you have been spending your money, but a certain amount of financial irresponsibility is expected/presumed in any BK; it's usually a contributing factor to the problem. So it usually doesn't come up unless there are obvious red flags, like luxury purchases, travel, etc.

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