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
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
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.