Illinois bankruptcy attorney Mazyar Hedayat reminds us in his DuPage County Bankruptcy blog that random bankruptcy case audits will start on October 17, 2006. October 17 is, of course, the one-year anniversary of the effective date of the BAPCA change to the nation's bankruptcy laws.
One out of every 250 cases will be audited. Debtors and their counsel will have 21 days to provide:
- six months of pay advices
- six to twelve months of bank statements
- a copy of your divorce decree (if applicable)
- two to four years of tax returns
- copies of titles or deeds to real estate
- other financial information
if this information is not provided or if it is incomplete, your discharge may be denied.
In my office I plan to ask my clients for this information at the time the case is filed.
[tags] random case audits in bankruptcy, denial of discharge, united states trustee, random audit [/tags]