Assets and bank accounts during BR.

bounce08

I understand that any assets I have will be sold on/forfeited. My only assets are:

-A laptop (worth about £200)
-A Playstation (worth about £120) and a couple of games
-A tv (worth about £150).
-A phone (worth about £30).
-A few clothes (total worth under £100)

I live in a rented room. I do not own any furniture or any cars or anything else! Would I have to sell all the above?!

Also - will I still have access to my bank account? It's a Co-Op cash minder account. My wages get paid in to there monthly.

SteveABC

Don't think you need to worry about those assets. I had all of them (and more) - nothing had to be sold. The OR would be more interested in antique jewellery or luxury items.

I believe your Co op Cashminder will be frozen for a short time, but should be ok in the long term. Take some money out to cover your expenses whilst it's frozen.

rossireps

my co op bank account wasnt touched at all. i own a laptop,tv and a bike none were touched. they are usually too low in value to be of any interest

PippaGirl_2

The OR is not interested in those household things. And the Co-op cashminder won't be frozen.