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 Value of Items / Assets for BR Forms...		  New Topic  Reply to Topic
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dazed and confused
Junior Member



United Kingdom
475 Posts
Posted - 07 November 2008 :  13:49:20  Show Profile  Reply with Quote

Dear Forum

Hope you are all well!

I have finally got round to filling in the BR Forms - my BR is drawing ever closer now.

I have a question regarding Section 3 - Assets, which I was hoping to get some help with please:

What value do you put down for your assets? Is it brand new value? Used value? Auction value?

And, if it is used / auction value, how do you find this out? Ebay or something?

Cheers!

John
New Member



United Kingdom
73 Posts
Posted - 07 November 2008 :  13:53:21  Show Profile  Reply with Quote
Hi

you should firstly disclose what you intend to list an asset. It does ask "assets of high value". And yes we're taliking auction value minus auction costs and collection costs from your home.

www.Bankruptcyhelp.org.uk
0800 078 9367
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dazed and confused
Junior Member



United Kingdom
475 Posts
Posted - 07 November 2008 :  14:01:13  Show Profile  Reply with Quote
Hi John

The only assets I have worth listing are:

A Car - R Reg. 1.4 VW Golf with 112,000 which needs a new suspension system so sure to fail MOT worth no more than £1,000.

Canon EOS 400 Digital Camera - cost £450 new over a year ago.

Dell Laptop - cost about £450 again over a year ago.

Snowboard and boots and bindings - cost about £700 2 / 3 years ago - needed for work.

And that's about it really!
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John
New Member



United Kingdom
73 Posts
Posted - 07 November 2008 :  14:41:11  Show Profile  Reply with Quote
Hi

I would just list the car

www.Bankruptcyhelp.org.uk
0800 078 9367
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dazed and confused
Junior Member



United Kingdom
475 Posts
Posted - 07 November 2008 :  14:53:43  Show Profile  Reply with Quote
Ok cheers again John!
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dazed and confused
Junior Member



United Kingdom
475 Posts
Posted - 07 November 2008 :  15:08:42  Show Profile  Reply with Quote
Hi sorry forgot to ask - where is good to get an accurate Auction price, and is it best to put it down as being slightly lower than you think to account for Auction costs / collection etc.?

I am going to be selling the car at Auction in January before going to Canada - I do not expect to get much for it really - and do not want the OR to think I have sold it below it's value...

Cheers again!
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John
New Member



United Kingdom
73 Posts
Posted - 07 November 2008 :  15:44:29  Show Profile  Reply with Quote
Hi

I usually look at the cheapest of it's kind nationally on autotrader then deduct 20%.
Not very scientific I know.

www.Bankruptcyhelp.org.uk
0800 078 9367
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dazed and confused
Junior Member



United Kingdom
475 Posts
Posted - 07 November 2008 :  15:59:42  Show Profile  Reply with Quote
Sounds good to me!

Thanks!
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pjm
Starting Member

United Kingdom
30 Posts
Posted - 13 November 2008 :  19:47:27  Show Profile  Reply with Quote
Hi
I should think the car is worth £600 ish, i was in the motor trade. Going BR myself tommorow (thanks to the downturn in the motor trade)
Paul
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dazed and confused
Junior Member



United Kingdom
475 Posts
Posted - 13 November 2008 :  20:25:14  Show Profile  Reply with Quote
Hi PJM!

Hope you are well and thanks for your reply! Yeah I had put it down as £700 - I have looked on Autotrader and they are going for a lot more than this but it needs quite a bit of work doing on it.

Good luck with your BR tomorrow and sorry to hear about your circumstances.
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