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 Help please with 2 questions on bankruptcy forms
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Mark.cl
Starting Member



1 Posts

Posted - 15 February 2012 :  16:08:41  Show Profile  Visit Mark.cl's Homepage  Reply with Quote
would a six seater table and chairs value 350 second hand be classed as a luxury goods

when you fill in the list of unsecured creditors what does date incured mean

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 15 February 2012 :  16:30:16  Show Profile  Reply with Quote
Hi and welcome

I doubt the furniture would be classed as luxury but no idea about the date incurred though.

Follow through
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Jan
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debtinfo
forum expert



2826 Posts

Posted - 15 February 2012 :  17:47:05  Show Profile  Reply with Quote
Yep if they are simply for general living (ie you are not a collector of tables and chairs)(there must be someone that is :)) then they will be exempt from the bankruptcy

As regards the dates, it depends on the debt, for instance if it is a loan then that will have a definite date when you took it out, if it was something like a credit card then you might want to put a range (for instance 2008-2011)for the period the debt has built up on it
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