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    Selling online and bankruptcy

    We are going to be filing Chapter 7 Bankruptcy and I have been selling some things on Amazon.com for 4 or 5 months now to help make ends meat. I have not reported it
    as taxes yet. Should I just report it as other income just to be on the safe side? Does anyone know how far back do they look at your bank statements for? I am glad I found this forum. It is a great resource of information.

    #2
    I have move your thread here. The General Talk section is for non-related bankruptcy talk.
    Bankruptcy History:
    Chapter 7 filed - 10/12/2005 - Asset
    Discharged - 02/16/2006
    Case Closed - 11/08/2007

    A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain

    All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation.

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      #3
      I think my lawyer wanted 6 months of bank statements? I don't have a bank account, so I didn't have to provide that (cash only has been my friend for awhile now).

      I disclosed my sale of things like that to the Trustee, who just smiled and didn't ask any other questions (I sold my treadmill on craigslist).
      Chapter 7 filed 4/23/07
      341 Meeting 5/22/07
      Last day for Objections 7/23/07 - Discharged 7/25/07 - Closed 7/31/07
      On to rebuilding!

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        #4
        Originally posted by JuniperBanksuck View Post
        We are going to be filing Chapter 7 Bankruptcy and I have been selling some things on Amazon.com for 4 or 5 months now to help make ends meat. I have not reported it
        as taxes yet. Should I just report it as other income just to be on the safe side?
        Depends on how much you've earned with your Amazon sales. A few hundred dollars is one thing, a few thousand dollars another. To be completely on the up and up, you should declare the income on your bk forms.

        Does anyone know how far back do they look at your bank statements for?
        Some trustees will routinely request six months of statements, although if fraud or a crime is suspected, the local or US trustee can look back for up to five years.
        I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

        06/01/06 - Filed Ch 13
        06/28/06 - 341 Meeting
        07/18/06 - Confirmation Hearing - not confirmed, 3 objections
        10/05/06 - Hearing to resolve 2 trustee objections
        01/24/07 - Judge dismisses mortgage company objection
        09/27/07 - Confirmed at last!
        06/10/11 - Trustee confirms all payments made
        08/10/11 - DISCHARGED !

        10/02/11 - CASE CLOSED
        Countdown: 60 months paid, 0 months to go

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