What Documents Are Required In A Bankruptcy Audit?
By Andy Miofsky, Illinois Bankruptcy Attorney on Apr 16, 2007 in General Bankruptcy Information, Illinois, U.S. Trustee Audits
If your case is selected for audit, you will receive an Audit Notification Letter from an independent audit firm selected by the U.S. Trustee Program. Within a day of filing bankruptcy, the auditor will send you a Document Request form seeking the following information.
1. Payment advices [paystubs] from an employer covering the six calendar months preceding the date of filing for the debtor and the debtor’s spouse.
2. Federal income tax returns, with all attachments, for the two tax years prior to the date of filing.
3. Financial account statements for the six calendar months preceding the date of filing and for the month of filing for every financial account in which debtor had an interest; and documentation explaining the source of every deposit or credit, and the purpose of every check, withdrawal or debit.
4. A divorce decree, property settlement orders going back three years and pending child support orders, if such documents exist.
You will initially have 21 days to provide the information. It may be possible to seek an extension of time if certain information is not available.
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