I HAVE SOME FAIRLY CHEAP GUITARS (SOME I HAVE HAD FOR OVER 20 YEARS. NONE ARE WORTH MORE THAN A FEW HUNDRED POUNDS POUNDS BUT THEY HAVE SENTIMENTAL VALUE AND PLAYING IS MY MAIN HOBBY. WOULD THEY BE CLASSED AS ASSETS AND WOULD I LOSE THEM?
Hi Andrew and welcome to the forum, From what you say I doubt it, as it would cost more to realise them as assets once the OR's agents and costs have been taken out.
Big Al Insolvency examiner with the Insolvency service from April 2008 - July 2010.
If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
Would my guitars be classed as assets ?
Posted - 15 April 2011 : 14:03:34
