How would a trustee know if you had a Paypal account

[anmartin31]

Another member said the trustee asked for statements without them mentioning that they had an account. Is there a system that they can access with this info?

[readytofile]

I don't know, but I'm sure glad I read all of this today! I'll be printing out my paypal statement for my lawyer today. It's only got $7 in it, but it's still something.

[AngelinaCatHub]

There was a similar question here that I responded to. It is not that you have any money in it, that is not the question. It is a money account and you must be perfectly honest and accurate. Things can pop out and you never want to perjure yourself. The Bk Court is not mean, but they can be awfully unhappy about surprises. 'Hub

[optimistic1]

If you had it linked it with your bank account, there would have been withdrawals or deposits that would have had Paypal next to them. He reviewed your bank account statements and seen them.

[AngelinaCatHub]

Hey 'anmartin31'. It is your post I responded to and gave you the answer. You can't troll for the answer you wish it to be. I said in my post in your first thread that you NEED to either file an update, but your little bit of funds of $300 won't bother your Trustee. I also said that they don't usually check that deeply UNLESS YOU GIVE THEM REASON. It seems that this is bothering you, so my advice is GET THE ACCOUNT UPDATED on your paperwork. You won't get an answer here that leads you to hiding assets. Do yourself a favor and stop worrying. Do the right thing. 'Hub

[anmartin31]

Hey 'anmartin31'. It is your post I responded to and gave you the answer. You can't troll for the answer you wish it to be. I said in my post in your first thread that you NEED to either file an update, but your little bit of funds of $300 won't bother your Trustee. I also said that they don't usually check that deeply UNLESS YOU GIVE THEM REASON. It seems that this is bothering you, so my advice is GET THE ACCOUNT UPDATED on your paperwork. You won't get an answer here that leads you to hiding assets. Do yourself a favor and stop worrying. Do the right thing. 'Hub

I will update my Paypal info. I was just curious how a Trustee would know if anyone would have a Paypal account, if they had special access to the banking system and could see stuff like this. Hopefully my question will help others too.

[frogger]

He's going to know because you're going to list it on the paperwork in order not to perjure yourself.......

[LimpDisc]

He's going to know because you're going to list it on the paperwork in order not to perjure yourself.......

This is the most simple and to the point answer. Be honest on all of your paperwork. Any time a question starts with "How would they know" it can't be a good thing.

[Amy26]

Interesting... I never even thought of listing my pay pal account. That isn't really an asset and shouldn't be a creditor... My bank statement may have had a few purchases I made that I used my pay pal account to pay for it... but I'm confused as to why you would have to list pay pal account as, I assume you're saying, an asset? Unless you had money sitting there on account...

[pookieny]

I never listed my Pay Pal account either. But it was tied into my bank account and the trustee could see the purchases I made that way. No one blinked an eye over it.

[liz417]

I didn't list my Paypal account because I had really forgotten about it, nothing was ever said (I don't have any $$ in it either, but it is linked to my checking account).

[justplaintired]

When I sold on ebay, money would be in my paypal acct. I think that's what is worrying this person. Way back in the beginning when we did paypal more we might end up with quite a bit of money in there. Then I could transfer it to my checking acct. That would be an asset. So if you have moved considerable amounts of money from paypal to a checking or saving you need to disclose it. We didn't have to worry about it, we had quit ebay a year or 2 before we ever filed. Like others said, if it's worrying you just disclose it, better to be safe then sorry.