Can the OR seize goods from your home after the Bankruptcy hearing?

Navigator1

Just wondering if anything can be taken from my partners home following bankruptcy? We don't know what to expect.... Would this already have happened prior to the hearing??

skylight

No. Don't panic!

The OR is not interested in normal household goods. Re-sale value on these secondhand items (as they will be if they took them) are worth next to nothing - far more in admin costs than value which is why is does not happen.

Of course, if the OR discovers that you have gold bullion or an antique book collection etc, then they would make arrangements to collect those.

But no one will turn up on your doorstep.

Navigator1

Thankyou so much for your response.

September_2012

The OR took my kelloggs crunchy nut cornflakes :-(

They are ludicrously tasty.

My advise is eat yours before the interview.

Navigator1

The OR has said he will seize my partners personalised number plate... He'll accept between 250 and 350 for it... This has made us nervous about other possessions he has. Would they seize clothing?

Mouse1812

Exempt property

clothes are exempt

Navigator1

Is that because the resale of them would generate very little?

alastairq

Navigator1 wrote: »

Is that because the resale of them would generate very little?

More likely that they are seen as part of allowing a BR a 'reasonable standard of living?'

BR is not a criminal act, and in no way is it intended to be any sort of punishment.

[We stopped using Newgate Debtor's prison a few years ago]

Also, the BR of one individual is not about 'punishing' the rest of their family.

{hence, for example, a 'holiday' allowance?]

Mr Mouse's link makes it all clear

luvchocolate

If you go on the is website you will find everything you need to know......read and read again. its all very clear x

rossireps

they werent interested in my laptop tv or bike.
general every day stuff just isnt worth enough and cost them to try and auction. dont worry