Bankruptcy Assets

chrisb1357

Hi All,

I have nearly filled in all the forms and i have left the Assets section until last. What do i need to list on there and what should i leave off. I dont have any bond's or insurance premiuims of any kind. My girl friend owns most the stuff in the rented flat but i have a desktop pc that i use for my job searching and appplications. Do i need to list my PC and things like my clothes, dvd's and cd's etc as i sont want someone to turn up one day and take the pc and things away without any notice.

Chris

debtinfo

not unless they are antiques or very very expensive

MicheH

We were able to keep all our belongings so don't worry. In this situation assets are things of value of over £1000 (I think, please would someone confirm, I have forgotten!) or more, jewellary, paintings, expensive watches, grand pianos etc

kerrypn

Hi chris

General rule of thumb-list all vehicles. Anything else over £1000 you should declare, anything below should be OK.

Hth

chrisb1357

Hi,

So i am ok and should be fine keeping the PC and i do not have to list any at all. I only have a few DVD's, CD's and thats about all i own apart from the things i ware.

I do not have any expensive things and the pc is worth about £500 or less i think

Many thanks i just did not want anyone knocking on the door and taking them you see during bankruptcy. Do they ever visit homes

Sorry i am worrying to much as its all a first time for me this is

Chris

kerrypn

No, the OR is not a bailiff. You would be in serious trouble for hiding assets, but it sounds to me like you have nothing to worry about

Unless you have an original picasso you're not telling us about

debtinfo

very rarely do they visit homes, usually for housebound people or for people who they know to have lied to them, maybe 1 in 1000 if that

chrisb1357

Many thanks,

Sorry i thought they was like bailiff where someone would have come round and listed everything and take items of worth. Sorry me getting it wrong again.

I do have a car but fingers cross it sells on ebay this week. I put it up for the value that parkers guide price said and i have kept the info about this. I think there is part of the form that says list cars you have sold in pass 6 months so i guest this does not come under assets.

No picasso master bits here sorry LOL

Chris

kerrypn

Don't be sorry-I was convinced I would lose my couch until the lady at debtline told me off for being daft!

PH1LL

Sorry to hijack. The £1000 thing, is that new proce or second hand value?


Thanks

Phill

chrisb1357

Nice to know good people on here that help others.

So on the Assets then i just leave blank.

Chris

kerrypn wrote: »

Don't be sorry-I was convinced I would lose my couch until the lady at debtline told me off for being daft!