bankruptcy and evaluating personal assets

November 24th, 2009 by Questions

Are books considered “personal effects”. I have 3 bookcases of paperback novels and have no idea of their resale value. How could I estimate this?

Also, are toasters, mirrors, carpets, pots and pans, dishes considered “furniture.” What about a bicycle? Is there an online resource you can direct me to, as I can’t find one that spells out what item I have goes under what category?

Posted from: Ontario


One Response to “bankruptcy and evaluating personal assets”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Yes, all the items identified are considerred personal or household effect. As for valueing them, the is no online resource that can be used, what you need to give your best estimate of what would happen if you had a garage sale and sold everthing in the house.

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