Debtor Audits in Bankruptcy Cases Resume Today

My email today brought me a notice that the U.S. Trustee’s office is resuming debtor audits as of today. They stopped in January because Congress didn’t fund it.

An audit in this context involves the U.S. Trustee’s office hiring an outside accounting firm to go over the debtor’s records. Previously the policy was that one in 250 cases would randomly be audited. Now the policy is one in a thousand will be audited. That’s a 400% improvement, but I’m still sad to see this stuff starting again.

Comments

  1. Attorney of bankruptcy in Canada says:

    Bankruptcy lawyers in Canada explain the primary purposes and applications of bankruptcy laws and how they function to relieve individuals and businesses from indebtedness and provide a fresh financial start. Attorney of bankruptcy in Canada Practice two basic types of bankruptcy proceedings: liquidation and debtor rehabilitation involving a court-approved plan of reorganization and payment of the debts over a period of time using future earnings.

    http://www.lawyersindemand.com/

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