Minimum Value of Assets Pursued by Bankruptcy Trustee?

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Keziah

Well-Known Member
27 September 2014
21
0
126
What would be the minimum value of a divisible asset a bankruptcy trustee should pursue?
 

patrik6

Well-Known Member
31 August 2015
30
1
124
they can go after any asset but usually leave common household items alone they will normally check insurance for specified items insured like jewelry works of art coins etc
property searches land title searches value your motor vehicle and seach for super to see if u deposited amounts prior to bankruptcy the bigger the bankrupt amount
the more searches they do so they get a bigger fee the majority of bankrupts in australia are tax and consumer debt they might even check utilities to see if u have hidden
money by prepayments funeral funds are exempt