I have recently been made bankrupt and the OR has asked me or a third party to make an offer on one of my assests.My questions are 1, If i cant make an offer what would happen to the asset? 2.If i made an offer does it have to be the current market value or does it just have to be reasonable? Please advise.
Rather strange the OR has picled up onthis item - was it recently purchased via credit? What is its value - I only ask as TV's are normally classed as essential items, unless of course someone has taken out credit to purchase just prior to filing for bankruptcy? It is difficult to give advice without whole picture Please let me know, then i can advise
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles
If that is the retail price then i very much doubt it will be worth a couple of hundred pounds now.....why dont you check the same model on ebay and places like that - I dont believe you should have to get a 3rd party to buy a TV back, especially when it is worth very little now.....People off the forum have had 3 piece suites on buy now pay later and got to keep them no problem - I would not take it lying down.
I have recently been made bankrupt
Posted - 09 February 2009 : 23:00:03
