Last question I hope. I bought a leather 2-peice suite in October 2006 for £1200. It is of course worn now but in good condition. Would i need to declare this as a high value asset? The suite and a new bed was bought from a catalogue on bnpl terms so it will be seen at its original value by the OR. When it became due for payment the monthly payments were so high that I offered to return the suite to the catalogue company. I explained what had happened re ex-partner. They said they couldn't take it as it wasn't their policy.
I imagine it would sell for around 500-600 maybe but I have no idea. What is the best thing to put on the forms?
Thanks for your help. Thanks for helping me from focusing on the bad stuff and keeping it together. Bankruptcy can feel such a lonely, dark business. Its nice to be able to read some of the good stuff on this forum.
Hi belle sofa will be safe. They're looking for items that will sell for a good sum at auction, and having reasonable funds remaining after paying the collection company and the auction house.
Leather Sofa
Posted - 15 August 2008 : 16:49:48
