Hi
i sometimes sell odds and ends on Ebay.
If my IVA is approved would i have to pay any proceeds from selling unwanted Household goods or clothing into the IVA.
I am only talking £100-150 at most per year.
From what i have seen in the past i wouldnt have thought so, But i am sure someone can tell you for definite. But for such a low amount i dont they will mind
As long as you are not a business and you are just selling unwanted stuff of your own, there isn't a problem.
I do it and probably make about the same as you. I've not even mentioned it to my IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Its only that you are selling odds on there, same as if you had a car boot sale. As long as you are not making vast sums I can't see them being at all interested.
x
Be positive & look after yourself, there are more important things in life than debts....
You would be able to explain it away to him. My money goes into my Paypal account, and I use that to fund further purchases on there.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Ebay is fab - i have made £72 in the last month seeing unwanted PS3 games and a few dresses. I have used the money to buy a ticket to see Oasis next year
Well strictly speaking you should (in accordance with your Proposal and Terms and Conditions thereof) inform your Supervisor. Some IVA's have de-minimus clauses. I would think in practical terms as long as this does not exceed say £250 per year any decent Supervisor (IP) would not claim it from you.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
The most I make at any one time selling is about £30 and it is not often I put stuff on, so I shan't be telling mine, especially as it is second hand goods of my own which I don't need anymore. There is nothing in my chairmans report which says I need to tell them about anything I sell.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It is not in the Chairman's Report - it is contained within your Proposal and/or Terms and Conditions. Sorry x
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
My proposal just states 'Assets, gifts or material sums of money (excluding normal regular income). If I receive during the period of the arrangement any material sums of money (over £500) or asset that may be realised to pay my creditors, I will inform the supervisor within 10 days of receipt.'
There is nothing in the terms and conditions.
My chairmans report just states windfalls or inheritance over £500.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
