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 bankruptcy postbag for june
 Can I sell something to go BR?

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Trolly-Dolly Posted - 27 June 2008 : 07:19:14
We are ready to declare ourselves in the next couple of weeks but the only thing stopping us is the court fee. Trying to find ways to raise £1000 isnt easy, so we wondered if we could sell something. Not that we have anything of real value, but collectively we may. Would this be frowned upon? SOA asks if you have sold somehing of value recently.
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JulianDonnelly Posted - 27 June 2008 : 13:37:19
No problem with that as far as I can see!

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
melanie_giles Posted - 27 June 2008 : 09:33:16
This will be fine DM.

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
m and v Posted - 27 June 2008 : 07:57:19
Hi drowning-mum
I think the OR is looking at the sale of single large assets - maybe a car or valuable antique - that you sell prior to going BR that would be of value and go into your BR estate.
I don't think they would be interested in the sale of other items and especially if you are using it to pay your BR costs - I am sure you aren't the first to do a car-boot or part with unused items to fund their BR.
The OR may ask how you paid for your BR so you'd need to say you saved it up over the last x months.
See what the other experts advise


Vicki x

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