How far back does the bankruptcy court look to see what was spent and what assets you have?

UPDATED: Mar 12, 2012

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How far back does the bankruptcy court look to see what was spent and what assets you have?

Asked on March 12, 2012 under Bankruptcy Law, Florida


Michael Duffy / Duffy Law, LLC

Answered 10 years ago | Contributor

Hi there,

It depends on the trustee, but they can ask you questions going back almost as far as they want - one year, five years or more. They might also want to see the past two or three years of tax returns and other documentation. The trustee wants to determine that there are no hidden assets, no fraud, etc. Your bankruptcy attorney should go over all of the possible questions with you p[rior to your hearing and prepare you for them. If you appear unsure or are caught off guard by the trustee during questioning, they will likely become suspicious, ask even more probing questions, and possibly attempt to deny you a discharge and dismiss the case. Complete preparation of your documentation and your presentation during the meeting of the creditors is essential to provide you with the best chance of discharge. Best of luck.


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