Would you sell?

[Arithmatics]

Hey guys,

I'm late to the party. I just finished watching The Office and something from an episode caught my attention.

To avoid spoilers for those who haven't watched it I'll just put it in spoiler tags and vaguely word it out and
please don't read what he actually did before thinking about it in your own shoes first to avoid bias.
I want to know your true intentions.

Spoiler: Spoiler

Basically the premise that sparked my interest was that there was this one guy who literally lost everything and was about to go broke and had the option of either selling his extremely treasured heirloom to avoid bankruptcy entirely or sell everything else but keep the heirloom as a stopgap solution that would last him at best 6 months until he somehow finds a way to pay off the excess but it's highly unlikely.

Spoiler: What the guy actually did

Sold his heirloom

So my question is, given the basic premise and understanding that those are your only two options,

Would you sell your prized heirloom or keep it but go into limbo?

 

[FAST6191]

Most heirlooms I ever see fall into three categories, ignoring legal definitions of heirloom that is.

1) Some theoretically valuable trinket that is passed down.

2) Some trinket with only some emotional value, though I would consider it a dick move to break that of someone else would not bother to have one myself.

3) Some actual practical item, indeed the concept seemingly providing the word heirloom in the first place ( http://www.etymonline.com/index.php?term=heirloom ).

1) would probably depend upon what its projected value might be (I would rather not dispose of an asset that is likely to seriously appreciate in value), for 2) if someone wants to buy my old junk then have at it and for 3) then it would probably depend upon if I could use it (or others I was tasked with helping could use it) -- I would not sell tools I could and likely would use but I have less use for something like a medical reference set.

Mind you I doubt I would face such a situation; I don't use credit and don't invest more than I can afford to lose, or in most cases I invest nothing in anything.

Bankruptcy itself is troubling and definitely not something to enter into lightly but actually something that is quite survivable (the whole concept being designed to do exactly that for those that would get in over their head), depending upon what heirloom is I may have to have a chat with an accountant or bankruptcy lawyer as it is not really my area but that is a slightly different matter.

 

[RevPokemon]

Depends on what the heir In my family we have 4 a blanket me Great Grandma made me, a 100$ dollar bill my great grand dad gave my mom, a letter President Reagan gave my Great grand ma and dad for 40 years of marriage (written on official paper) and a ceramic dog (which is based off snoopy) my grand ma gave me and I could never get rid of that stuff

 

[Arithmatics]

Most heirlooms I ever see fall into three categories, ignoring legal definitions of heirloom that is.

1) Some theoretically valuable trinket that is passed down.

2) Some trinket with only some emotional value, though I would consider it a dick move to break that of someone else would not bother to have one myself.

3) Some actual practical item, indeed the concept seemingly providing the word heirloom in the first place ( http://www.etymonline.com/index.php?term=heirloom ).

1) would probably depend upon what its projected value might be (I would rather not dispose of an asset that is likely to seriously appreciate in value), for 2) if someone wants to buy my old junk then have at it and for 3) then it would probably depend upon if I could use it (or others I was tasked with helping could use it) -- I would not sell tools I could and likely would use but I have less use for something like a medical reference set.

Mind you I doubt I would face such a situation; I don't use credit and don't invest more than I can afford to lose, or in most cases I invest nothing in anything.

Bankruptcy itself is troubling and definitely not something to enter into lightly but actually something that is quite survivable (the whole concept being designed to do exactly that for those that would get in over their head), depending upon what heirloom is I may have to have a chat with an accountant or bankruptcy lawyer as it is not really my area but that is a slightly different matter.

Alright then. fair logical decisive conclusion to solve the problem. thanks for the input.

 

[Arithmatics]

Depends on what the heir In my family we have 4 a blanket me Great Grandma made me, a 100$ dollar bill my great grand dad gave my mom, a letter President Reagan gave my Great grand ma and dad for 40 years of marriage (written on official paper) and a ceramic dog (which is based off snoopy) my grand ma gave me and I could never get rid of that stuff

Well something that if sold can completely pay your dues.

 

[RevPokemon]

Well something that if sold can completely pay your dues.

Than no I wouldn't as an none of that stuff has high dollar value and I doubt it could pay off debt and if it could I'd still probably keep it