What happens to your household items in a bankrupty?
The Bankruptcy Act and Regulations specifically provide that certain household items are protected property and can not be sold by your Bankruptcy Trustee.
In an actual fact after looking at the cost of picking up and selling your household items and keeping in mind what we are not legally allowed to take, almost all Bankrupt’s retain all their household property.
The household property that may be at risk are as follows:-
- Expensive art
- Expensive jeweellery
Feel free to call us on (02) 8488 3126 for an obligation free confidential discussion on Bankruptcy and how it will work for you.