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 bankruptcy postbag for june
 ASSETS
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modensane
Junior Member

United Kingdom
214 Posts

Posted - 06 June 2008 :  14:10:38  Show Profile  Reply with Quote
If the money one has at the end of the month is one's wages and what one has at any given time is what one uses as living expenses (i.e. in the absence of savings), is it appropriate to answer NONE to questions 3.1.1 and 3.1.2 of the SOA for BR.

JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 06 June 2008 :  14:17:25  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Modernsane,

Indeed, "none" would be the appropreiate answer.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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modensane
Junior Member

United Kingdom
214 Posts

Posted - 06 June 2008 :  15:23:17  Show Profile  Reply with Quote
Thanks, Julian. Just one more question which might sound rather academic. I am not a tradesman so I do not own or possess tools for my job. One asset I have that I need and do use for my job is my car. In the context of question 3.5, therefore, can my car be classified as ' a tool of my trade'?
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 06 June 2008 :  15:32:29  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Modensane,

In order to back up your argument to keep the car, it's probably not a bad idea to list it here as well.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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modensane
Junior Member

United Kingdom
214 Posts

Posted - 06 June 2008 :  15:41:51  Show Profile  Reply with Quote
Thank You, Julian. I am getting there gradually.
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 06 June 2008 :  16:17:56  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Best of luck! Remember, we're here if you have any more questions.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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