Call for obligation-free advice 1300 060 122

Bankruptcy and household furniture & effects

Bankruptcy and household furniture

You may be worried you will lose your household furniture and effects when you become bankrupt.

You do not need to worry; your normal household furniture and effects are protected, for you.

You can also save and buy these items during bankruptcy. This could be to replace an item that has broken down or to buy an item you have not previously owned.

If your household furniture is rented, you will need to continue making the monthly payments for your continued use of those goods.

If you have assets like antiques and works of art that are appreciating in value, you should expect to lose those but items like your leather lounge from Harvey Norman are safe – protected for you.

For more information call Nicholls & Co on 1300 060 122 or email helpdesk@nichollsco.com.au.

 

 

 

Alan Nicholls - Registered Trustee

Alan Nicholls’ no obligation help desk

Nicholls & Co provide a free, no obligation ‘help desk’ for people considering bankruptcy – we discuss and explain bankruptcy and answer questions for anyone who is considering bankruptcy. The Nicholls & Co help desk can be accessed by phone  
1300 060 122  or helpdesk@nichollsco.com.au . Alan Nicholls, Registered Trustee in Bankruptcy is also available to answer your questions to enable you to decide if bankruptcy is right for you.