would I have to sell my guitars?

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john.mt

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Post by john.mt » Fri Sep 25, 2009 12:46 pm
Hi, If I took out an IVA would I have to sell my guitars?
 
 

RJC

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Post by RJC » Fri Sep 25, 2009 12:58 pm
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.
Kind regards,

RJC Financial Management
Accountants and Insolvency Practitioners with over 18 years experience.
 
 

Julie

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Post by Julie » Fri Sep 25, 2009 5:20 pm
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.
 
 

kallis3

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Post by kallis3 » Fri Sep 25, 2009 5:28 pm
I agree with Julie.

Your personal posessions are not normally at stake unless they are antiques or worth a lot of money.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

MelanieGiles

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Post by MelanieGiles » Fri Sep 25, 2009 11:35 pm
You should be OK so long as you don't have the odd Stratocaster or two hanging on the walls!
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Michael Peoples

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Post by Michael Peoples » Sun Sep 27, 2009 12:13 am
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.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

MelanieGiles

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Post by MelanieGiles » Sun Sep 27, 2009 12:33 am
Weren't The Undertones from Derry Michael?
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Julie

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Post by Julie » Sun Sep 27, 2009 12:47 am
Londonderry I believe Melanie.

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

MelanieGiles

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Post by MelanieGiles » Sun Sep 27, 2009 1:43 am
You will get shot by Michael for calling it Londonderry Julie!!!
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Julie

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Post by Julie » Sun Sep 27, 2009 8:40 am
oooops.....sorry in advance Michael [:I][:D]
 
 

kallis3

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Post by kallis3 » Sun Sep 27, 2009 10:03 am
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]
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Shining

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Post by Shining » Sun Sep 27, 2009 1:35 pm
Not sure I've anything of value apart from my children and grandchildren, I'm busy thinking now what I've got x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sun Sep 27, 2009 1:39 pm
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.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Shining

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Post by Shining » Sun Sep 27, 2009 1:42 pm
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
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sun Sep 27, 2009 2:09 pm
I know that feeling well![:D]
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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