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Will I lose my laptop if I go bankrupt? - Bankruptcy UK

OUR TEAM ARE AVAILABLE NOW TO HELP WITH COMPLEX INSOLVENCY ISSUES

 

Will I lose my laptop if I go bankrupt?

No, personal possessions – within reason – and household goods are exempt from bankruptcy, though any financial resources will be attached – including premium bonds, savings, etc. The exception to this are HMRC approved pensions, which are currently ring posted in bankruptcy.

There was a move made last year to attach pensions of those aged between 52 – 54 i.e. force them to take the cash portion of their pension and have it attached, but this was blocked by the Law Lords.

You are usually allowed to keep a car provided it is a) not worth more than £1,000 and b) clearly needed for work or some other important purpose like doing care work.

Bankruptcy UK offers a full bankruptcy administration service and will submit your bankruptcy application online. Court appearances are no longer required for bankruptcy. Call us for bankruptcy help on 01425 600129 or for an informal chat about your circumstances.

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Bankruptcy UK

Bankruptcy UK