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T O P I C R E V I E W
wantfreshstart
Posted - 23 August 2009 : 17:40:01 Hello,
I am in an IVA but considering bankruptcy - I was advised to go BR initially and really wish now I had as I am finding my IVA very tough.
I do have a few questions and would be grateful if anyone can help me . I have a couple of things in the home that could be considered luxury items (some exercise equipment for example). How and when would these be siezed? Do I sell them on myself or would the OR send baillifs round to collect goods and sell them on?
Would I be allowed to keep my laptop or is this too considered a luxury item?
I also have a very ancient and damp caravan worth only a couple of hundred pounds on a good day..would I also have to lose this?
Thank you
2 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 23 August 2009 : 19:01:41 Hi
the excercise equipment is unlikely to be of significant value second hand unless it was expensive and bought recently.
The same goes for a laptop and unless it was bought on credit very recently it is probably safe.
I am confident that the Caravan would be collected unless you made an offer to purchase it back from the official receiver.
