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 what do i need to list as an assett

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T O P I C    R E V I E W
Lou44 Posted - 24 October 2010 : 22:30:04
what do i need to list as an assett on a bankrupty form we own nothing over about £50 and all our clothes are from charity shops anf furniture in all second hand the only thing i have is my dead mums ring worth about £50 if i wear to sell it
3   L A T E S T    R E P L I E S    (Newest First)
Bigal4787 Posted - 26 October 2010 : 01:00:43
Hi Lou,
from your post there is nothing that you need to declare as an asset, not even the ring.

Big Al
Blackie Posted - 25 October 2010 : 10:27:36
Hiya Lou

All of your personal and household effects are exempt from bankruptcy unless you have specific items worth over approximately £2,000. You do not need to declare them. The bankruptcy forms are specific about the assets that you should be deeclaring.

All the best.

John Blackadder
caroline1959 Posted - 24 October 2010 : 23:51:36
i just listed my car as thats all i had . i dont think the ring will be taken into account as its not worth much. they didnt take my partners car that was valued at £700. they are not interested in household goods unless you have items worth hundreds so dont worry

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