Checking accounts and Trustee

[snowangel]

Hello Everyone,
I am in the beginning stages of filing BK and am on severe sleep deprivation due to the stress of it!

I just met with the lawyer and got the list of things I need to gather and the huge packet to fill out.

I have on area of major concern though. It asks me to list all bank accounts open or closed for the past year.

Here are my numbers:

open:
check acct 1: bal 98.33
check acct 2: bal -97.19

closed accounts:

acct 1 closed 6/15 ending bal 800.00
acct 2 closed 7/13 ending bal -918.90
acct 3 closed 12/22 ending bal 30.00
acct 4 closed 12/22 ending bal 101.00

I am worried sick that having all these accts (open and closed) is going to send HUGE RED FLAGS off in the trustees mind.

Any input?

What if I miss an account....as I am not sure I have remembered all the accounts. If I fail to list an acct how will the trustee find out and what will happen to me. If I have forgotten an account it will not have any type of balance in it...as I am broke, have no $$ to have in there!

Any advice or help would be greatly appreciated.

[nick09]

I closed one account, and opened a new one a few months before I filed bankruptcy.

I don't even think the trustree actually cared, I had .85 in it...

And for the record I took out at least $600 each month before I filed...Maybe the 6 month look back was up though...But the trustee didn't mind...

[music12]

don't worry. they ask these questions to find out whether you have hidden assets. for example, if you closed an account less than a year ago and the ending balance was a million dollars, they would want to know where that million went. so closing a few accounts is no red flag in my opinion.

just remember to list the banks where the balance was/is negative as creditors.

it's not a big deal if you forget an account, unless of course it had a million bucks... i don't know how the trustee would find out, whether they have some kind of law that allows them to search for a person's accounts or not. no idea.

[snowangel]

Thank you for the replies. I found this board last night and couldn't stop reading through all the post for a good three hours! I am so glad I found this site. It has been very informative and made me realize that I am not alone with the concerns I have.

As I have told my lawyer and family--the thought of filing is scaring the hell out of me. I have two children that each suffer from major medical issues and the totality of the debt and creditor calls have become too much for me. I would love to just have to concentrate on their medical needs and not worry about anything else. But getting there is stressing me big time!

Thanks again!