Gambling your own cash not on cards

[MakinMeCrazy]

hi.
I have posted here before....most recently I finally did it.I retained a lawyer for BK, he said Ch7.....this is MY question:

almost 2 years ago, we recieved a Partical LUMPsum payment from our state employee pension fund, at that time my husband was promised an easy job for a guy his age, as stated in my other posts, we gambled a LOT away, BUT it was CASH not on Credit cards, and it was almost 2 yearsand 3 months age.

At the time we had NO money worries, well things changed about the same time the economy died, no job for my hubby and even the temp services here in ohio went belly up, we used a lot of that money that was left to keep up with our monthly expenses, our credit cards reflect NO gambling debt. it was all CASH that we had at the time.
I guess what I am asking is...will the trustee give us a really time about this gambling money, since at the time we were solvent with NO expectations of ever filing BK. and I nEVER took a casino card....I didn't want to now my losses.BUT I have many bank statements that reflect money taken out at the casino, might thta be proof enough if the trustee asks for that?
also since it was our cash, what might be the lookback period?
Thank you all again in advance

[music12]

if you gambled with your own cash over 2 years ago, i don't think anybody would even think to ask you about it. i just don't see how it would come up.

[music12]

and if it's on your taxes somehow, then those would be old tax returns that the trustee most likely won't see (at this point, they would get the 2008 return only). but even if the trustee knows, it doesn't matter. you don't have gambling-related debt.

[AngelinaCat]

Generally your finances are only going to be looked at six month period prior to the day you file. So the gambling funds were more than two years ago, and therefore off the radar.

Now unless something else comes up like an 'insider' payment or a 'preferrential' payment to one creditor and ignoring all the others, you should be okay. But if something like one of these pop up in your financial history, the trustee can look back for a year or more.

Good luck to you.

[sufferingAZ]

Generally your finances are only going to be looked at six month period prior to the day you file. So the gambling funds were more than two years ago, and therefore off the radar.

Now unless something else comes up like an 'insider' payment or a 'preferrential' payment to one creditor and ignoring all the others, you should be okay. But if something like one of these pop up in your financial history, the trustee can look back for a year or more.

Good luck to you.

So what happens if you do have a debt due to gambling? Like bank account withdraws with in the 6 months and a cc cash advance and you file chapter 7?

[whipster1]

So what happens if you do have a debt due to gambling? Like bank account withdraws with in the 6 months and a cc cash advance and you file chapter 7?

Best to start your own thread instead of putting your question in another thread, you will get more responses.