| Author |
 Topic  |
|
|
NotSoBrightSpark
Junior Member
186 Posts |
 Posted - 01 July 2008 : 19:41:31
|
Hi everyone,
Bankruptcy hearing next Tuesday 8th of July.
Anyway,in the process of filling in the forms.I am an electrician (on the books).In the section 'Tools of the trade' do I need to list all my tools,such as drills,test equipment etc (all belong to me personally) or is it only if they are of exceptional value?
Also,what do we need to list as assets? Is it basically everything we own or ,again,only if it is of high value?
And one more question if I may,the list of expenditure,should I add possible future provisions such as a small holiday saving each month etc or should I just put in exactly what our expenditure is as of now?
Hope that makes sense.
Thanks for any advice.
 |
|
|
melanie_giles
Senior Member
1191 Posts |
Posted - 01 July 2008 : 21:24:29
|
I would try and list the majority of them out, or at least identify those which are worth more than £500.
You need to list all assets under the categories stated on the forms.
There is no harm in asking for a holiday provision - the OR can only say no, and might actually say yes.
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 |
 |
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 02 July 2008 : 11:32:30
|
Great advice as usual Melanie!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 02 July 2008 : 12:08:29
|
I was allowed £20 a month for holidays, which was a big surprise!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/ |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 02 July 2008 : 12:50:20
|
The key is to list everything (actual expenditure) and then discuss it with the OR. Tools of the trade are normally safe, but if you were carrying a lot of stock (for example), the OR would probably realise a chunk of that.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
|
|
|
NotSoBrightSpark
Junior Member
186 Posts |
Posted - 02 July 2008 : 19:02:13
|
Once again,thank you for your replies.
Much appreciated.
NSBS |
|
|
|
JulianDonnelly
Junior Member
United Kingdom
325 Posts |
|
| |
Topic |
|
Tools of trade & assets
