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 how much to be considered a asset?

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T O P I C    R E V I E W
davelvg Posted - 05 May 2009 : 19:43:29
could anyone advise me on how much does something have to be worth to be considered a asset.
2   L A T E S T    R E P L I E S    (Newest First)
Suzanne Posted - 06 May 2009 : 09:23:14
Hi

I think you should consider anything with a likely auction value over £500 as an asset. They are really only interested in items that would have a potential value to the estate, excluding of course those item considered necessary for basic domestic needs.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
gettingoutofdebt Posted - 05 May 2009 : 20:10:48
Normally any assets over £2500 are looked into by the OR i.e. car, etc.

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