What is considered a large withdrawel???

[lvmcse]

1. What is considered large withdrawels? Looking over my bank statements, 12 months ago I have mulitple $500.00 withdrawels in one month added up to $3500. Would a trustee questioned that?

2. Over the last 3 years, I had multiple checking and saving accounts. Only one is left active. The rest are closed almost a year ago. Would a trustee question that?

[tobee43]

1. What is considered large withdrawels? Looking over my bank statements, 12 months ago I have mulitple $500.00 withdrawels in one month added up to $3500. Would a trustee questioned that?

2. Over the last 3 years, I had multiple checking and saving accounts. Only one is left active. The rest are closed almost a year ago. Would a trustee question that?

usually one is only requested to supply 6 months worth of bank statements. also, while you have to list all account that are active within the year, we listed our closed accounts that fell within that time period.

[ksgirl38]

It depends on your state, but most of the time from what I've seen they don't ask for bank statements more than 6 months old. In my case I only had to provide 3 months worth of bank statements.

[AngelinaCat]

We never had any questions about our deposits or withdrawls. The only question that was even remotely related, was one considering the yearly stipend we get from a Retirement instrument, and my unemployment comprensation:

Trustee: "Who gets the stipend?"
Us: "We both do.
Trustee: "Who gets the Unemployment?"
Me: "I do."

And that was all.

[lvmcse]

We never had any questions about our deposits or withdrawls. The only question that was even remotely related, was one considering the yearly stipend we get from a Retirement instrument, and my unemployment comprensation:

Trustee: "Who gets the stipend?"
Us: "We both do.
Trustee: "Who gets the Unemployment?"
Me: "I do."

And that was all.

Thank you. Maybe I over-thinking things like usual. Just curious if a trustee would question multiple $500 withdrawels almost a year ago.

[jst4f]

Even if the TT did question it, a good explanation of where it went is all it should take to put it behind you. This is assuming you did it for living expenses, etc and not luxury items of preferential payments.