will they come into my house and check everything? seems impossible ,,pencils,pens spools of thread,toothbrush etc?
2007-03-01 05:10:22 · 7 answers · asked by FREDDYJONES 1 in Business & Finance ➔ Credit
Your lawyer should have given you several pages to fill out listing your personal items. You get to assign value to your stuff and the great thing is that you can use whats called garage sale value.
Say you have an antique dining room set, it could be worth $150.00 at a garage sale rather than $5,000.00 to a dealer.
When I went through this several years ago my personal belongings totaled less than $3,500.00 according to me anyway.
2007-03-01 06:44:16 · answer #1 · answered by ? 7 · 0⤊ 0⤋
They really only want an estimate. That is do you have $100 worth of stuff or $10,000 worth of stuff. That is used to see if you can sell items to pay some of your debt.
They put things into categories separating the things like clothes and electronics. Your attorney should have gone over these with you as to how to fill in these sections.
2007-03-01 13:20:11 · answer #2 · answered by OC1999 7 · 0⤊ 0⤋
Before bankruptcy I would check out these programs, they might cost you some but they are worth a lot more than bankruptcy and if you do file then you will really need them. go to www. coming back strong financially dot com all one work. I have them and so does my daughter. They have helped me many times over. Plus they will show you how to get stuff off your credit report. I usually dont try selling stuff but these have been worth it to me to tell everyone.
2007-03-01 13:28:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.
2007-03-01 18:12:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No that's ridiculous. They want to know those items that have a high dollar value. For example, how many tvs do you own? Furniture? Jewerly? Expensive Art?
Sounds like your attorney didn't really explain everything to you.
2007-03-01 13:18:45 · answer #5 · answered by MJ 3 · 0⤊ 0⤋
No they actually just want a list of the things in your house that are of value ex. electronics, vehicles, jewelry, etc
2007-03-01 13:18:18 · answer #6 · answered by Anita G 5 · 0⤊ 0⤋
yes...they want a list of your assets and liabilities
2007-03-02 07:32:28 · answer #7 · answered by hendy h 2 · 0⤊ 0⤋