Bankrupt- What can they take?

[clare b]

I'm on the verge of being made bankrupt, i have no assets in the uk but own property in the usa, can they take this?

[Oneeyedvic]

In short yes. They can take ANY assets that you own, even timeshares

[JonnyL]

They can't take *all* your possesions. They can't take anything which you use to make your living, or basics like a table, chairs, bed and bedding cooking and eating utensils, etc. I don't think they can touch your pension either, or at least they couldn't a few years ago when a business customer went bust on us. They can't take anything in joint names either. unless you are both being made bankrupt. J.

[dawnI]

Not if you don't tell them put the deeds to the american place in a saftey deposit box and forget about for twelve months, lets be honest they'd take the fillings out of you teeth if they thought they could way them in.