Bank Statements During Bankruptcy

Question: Are you required to submit bank statements and receipts for all transactions during bankruptcy?

Answer: No, you are not required to submit bank statements and receipts for all transactions unless requested by your trustee.  You are required to prove your income to your trustee each month, so that your trustee can calculate your surplus income.

The more you earn, the more you are required to pay, which is why your trustee will calculate your surplus income each month based on the paystubs and other proof of income you provide.  If you don’t get a paystub (perhaps because your income comes from a pension) then the trustee will request a copy of your bank statement.

In most cases your expenses don’t matter when calculating surplus income, except for certain allowable deductions, such as payments for child or spousal support, or medical expenses.  If you have those expenses the trustee will require proof of payment.