Hi TDA,

It's something that is pretty standard as Mark has said. We cover all assets, cars, caravans, timeshares, motorbikes, speedboats, houses, expensive antiques, electrical goods and jewellery.

It's unusual that I see anyone with assets that are out of the normal house, car etc however because of our large contract with the Accountant in Bankruptcy we receive 60% of the AIB sequestrations, we do from time to time see a client with expensive additional assets which steps have to be taken to recover and realise for the benefit of creditors. I've dealt with expensive vehicles 50k+, Jewellery/watches that are worth £1,000s and have to be sold, antiques and also boats.

As I said most people don't have really expensive assets but there are some who do and it's those cases where those assets need to be recovered.

A case that always sticks in my mind was one of my clients had two pedigree dogs as pets. Someone had told them that if the dogs were in the house when I did the home visit I would treat them as an asset and look to sell them ÔÇô one of the many hearsay stories people are told about TD's & Sequestration. As a result of this the person arranged for someone to look after the dogs until I had been and gone but forgot to move the dog beds, toys, bowls of food and pictures of them with the dogs. When I asked where the dogs were it all came out and I couldn't help but laugh. I think someone got confused about livestock and family pets.

It is about trying to find that balance between what's practical and what we are obliged to recover for creditors and treat as an asset.