I was just reading through the forms and was wondering what items go on as assets. For example my daughters Wii? What about my husbands gun that cost him £400 should that go on? My PC was a refurb and cost £178 our TV is about seven years old and what about books, C.D's and DVD's?
We are unsure what to put and don't want to break the rules!
if it is a shotgun then he will loose the licence because of Br. Therefore the gun would be surplus and would be lost.
Also if the gun was bought within the last year or via a credit card it may be lost because it is not a necessity unless hubby needs it for work ( game warden, sportsman or professional bank robber etc etc etc )
Hi thank you for that do we need to write all these items on the SOA for the OR or let him know when he looks into our affairs. Is there a limit to price of household items that need to go on? The gun is an air rifle that was purchased on his credit card less than a year ago. so at a guess he will lose it then.
The only asset you need to list, follow Pauls advice above. The OR is not concerned with computers CD's etc nor normal household goods
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
What household items are assets?
Posted - 26 August 2009 : 17:45:23
