Are personal items that were appraised and taken to a dealer for sale with the money going to the trustee to dispurse tax deuctible.
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Are personal items that were appraised and taken to a dealer for sale with the money going to the trustee to dispurse tax deuctible.
Quote:
Originally Posted by Jake95
Not if you are the person having the personal items taken, for that you are merely paying your bills, no different than writing a check to have the bill paid.
For the lender, if the item is sold, the amout he loses ( not fully paid for the loan) can be taken off as a bad debt.
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