Usual domestic assets, or items of a personal nature, are usually excluded from IVA proposals, so if you are selling anything like this the proceeds ought to be exempt from the arrangement - of course materiality does come into play here, and I agree with David that some predetermined deminimis amounts ought to be agreed between yourself and your IP.
Personally, I turn a bit of a blind eye to this sort of thing as I realise that my clients have to live lives and that the occasional sale of a piece of unwanted clothing is a useful way of purchasing more! But I suspect this is more of a woman thing!
You are probably right Melanie! I've had a few bargains over the years from there (sadly not so many now - can't afford them!)
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
We have been selling loads of stuff on e-bay these last two months, mainly due to other members comments. I can honestly say, we have just about covered our christmas spending, so we are chuffed to bits.
As Melanie said, I have seen a lot of posts about using e-bay in an IVA, stating that as long as you are selling pre IVA stuff, you can do as you please.
Some of the stuff we have sold I would have considered junk, but as the saying goes, one mans rubbish and all that..... We have had some surprises along the way, enough to pay for a well deserved night out.
Obviously,the stuff we are selling will run out soon, but it has made a big impact on our budget. PayPal is a great way to buy and sell, if we buy anything it is totally funded from the profit. It also gives us the option to transfer a bit of cash if things are getting tight.
It also brings a bit of excitement into our lives when items are ending, and bidding frenzies start in the dizzy regions of £0.99 [;)]
Know what you mean BOT! I always try to watch at the end of my auctions to see if anyone is going to go silly with their bids! Only once has that happened. I put a Timberland Sweatshirt on, brand new, which cost me £20 new. Can't remember what my starting price was, but it went for £85!!!!!!!! I thought someone was taking the P, but no, it was paid for, sent by me and positive feedback received! There's nowt so queer as folk!
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
