“You mean to tell me you don’t have any underwear!”
When I was much younger, I practiced bankruptcy law in Baltimore City. Judge Kiser, the bankruptcy judge, made people inventory their underwear.
Today, the bankruptcy court in Alexandria Virginia does NOT do that. The court here is NOT interested in your underwear or any of your clothes. But there are lines of the official bankruptcy papers for your clothes and furniture; we need to fill in those lines.
When you file bankruptcy, Virginia law allows you to keep up to $1000.00 worth of clothing. Somebody would have to work really hard to sell your clothes for more than a thousand. (Take a look at this article. Haley Marie, worked four apps for a year to sell 171 items. She made $1485. The bankruptcy trustee does not want to spend a year selling your stuff.) So, you can safely assume yours are not worth a thousand dollars to the bankruptcy court.
What About My Furniture?
Most used furniture has no value. Used furniture costs money to get rid of.
A few years ago, my wife and I decided to downsize our house in Falls Church and move to a smaller home. We needed smaller–and newer–furniture. We quickly found out used furniture costs money to get rid of. My wife found a service that came to our house with three trucks. The first truck took some very expensive pieces out to a dealer in the Shenandoah Valley. The second truck took about half of our stuff to Goodwill and the Salvation Army. The third truck took furniture we couldn’t donate to the dump.
We broke even We made enough money off the originally very expensive pieces to cover the cost of the trucks and dump fees to get rid of the rest.
Virginia law allows you $5000 worth of furniture. If you want to spend two minutes valuing your furniture for your bankruptcy papers, look at this value chart. The value of used TVs starts at $5.
Conclusion
When filling you your clothes and furniture for your bankruptcy papers, do NOT leave them blank. The trustee can see you have clothes. But do not stress on the values. Just fill it out.