www.iva.co.uk

Hi, If I took out an IVA would I have to sell my guitars?

Hi johm.mt and welcome to the forum.

If we are talking ordinary guitars used for social/collectors purposes then no. If we are talking about John Lennon's original guitar, then that's a different matter all together.

Good luck with everything in the future.

I agree it would depend on the value of the guitars and also are they used for work purposes?

Unless the creditors are going to benefit greatly from you selling them, I wouldn't think it would be necessary.

I agree with Julie.

Your personal posessions are not normally at stake unless they are antiques or worth a lot of money.

You should be OK so long as you don't have the odd Stratocaster or two hanging on the walls!

I have a punk rock record collection whioh includes Sex Pistols in various vinyls, New York Dolls, Sham 69 and signed Undertones. I am sorry but these records may be worth money but it would have to be a very large Official Receiver to take them off me were I to go bankrupt.

Weren't The Undertones from Derry Michael?

Londonderry I believe Melanie.

We have a vast collection of vinyls...The Jam, Paul Weller..would never part with them.

You will get shot by Michael for calling it Londonderry Julie!!!

oooops.....sorry in advance Michael [:I][:D]

I'd have said the same Julie![:D]

I've nothing valuable at all - a few statues wich cost a bit when they were bought but not worth a lot now, no expensive clothes. I think the most valuable thing in our house is the furniture![:D]

Not sure I've anything of value apart from my children and grandchildren, I'm busy thinking now what I've got x

You can't put a price on family though Lesley!

I know we've got nothing of value at all in the way of possessions.

Ooh Jan sometimes when mine were little I'd have willingly sold them or maybe given them away....at times..only joking of course but looking back sometimes they were an handful bless em x

I know that feeling well![:D]