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 bankruptcy postbag for april
 what assests can be taken from me i
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Junior Member

256 Posts

Posted - 14 April 2008 :  19:51:51  Show Profile  Reply with Quote
Originally posted by Helpful Advice

Normally they would look at assts over £1000 in value due to the costs involved in collection and selling.

Vehicles and property are the most common, however if you have antiques, paintings or jewelry in excess of the above then this would likely be sold.

Kind Regards,

Brett England

Bankruptcy Specialist

England,Jackman & Spacey

WebSite www.ejands.co.uk

View my personal story & blogs at:


Hi just a quick question. When you say they wouldn't normally bother with assets under £1000 is that per individual item or in total. The reason I ask is that I don't have any real assets just paperback books.


Edited by - debtfreesusie67 on 14 April 2008 19:55:11
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Senior Member

1191 Posts

Posted - 14 April 2008 :  20:56:57  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
I don't agree with the £1,000 figure quoted, as just a couple of months ago we saw a poster on iva.co.uk have an expensive camera valued at £300 taken by the OR because he had been honest enough to declare it.

Assets you are allowed to exclude are those which are essential to basic living - such as furniture, bedding and kitchen utensils. TVs are not usually touched, although I have know the OR to remove a plasma screen before now. At the end of the day the OR will take a view based upon the list you provide them with. In which case I feel that your books will be safe.

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
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Junior Member

256 Posts

Posted - 14 April 2008 :  21:05:50  Show Profile  Reply with Quote
I know it was probaby a daft question when people are worrying about their houses and such it's just that at the moment everything little thing is worrying me.
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