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Posted: Mon Oct 27, 2008 3:59 pm
by karenanne23
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.
Thanks
Posted: Mon Oct 27, 2008 4:15 pm
by Sarah
Hi
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
xx
Posted: Mon Oct 27, 2008 4:24 pm
by emma_t
Hi Karen
No worries with that.
Its only if you buy to sell on ebay or are making very large amounts.
Posted: Mon Oct 27, 2008 4:25 pm
by kallis3
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.
Posted: Mon Oct 27, 2008 4:27 pm
by karenanne23
Would the ip query the amounts going into your Bank Account?
Thanks
Posted: Mon Oct 27, 2008 4:29 pm
by emma_t
No I wouldn't think so, I know mine would not.
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
Posted: Mon Oct 27, 2008 4:41 pm
by kallis3
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.
Posted: Tue Oct 28, 2008 9:15 am
by helpIVA
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
Posted: Tue Oct 28, 2008 3:13 pm
by james.c
no, i sell things on it on and off all year, make about £180 a year
Posted: Tue Oct 28, 2008 3:17 pm
by David Mond
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.
Posted: Tue Oct 28, 2008 4:24 pm
by kallis3
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.
Posted: Tue Oct 28, 2008 4:28 pm
by David Mond
It is not in the Chairman's Report - it is contained within your Proposal and/or Terms and Conditions. Sorry x
Posted: Tue Oct 28, 2008 4:32 pm
by Viki.W
Surely if you sell off your old clothes and household junk, you don't need to pay this into your IVA?
Posted: Tue Oct 28, 2008 5:09 pm
by kallis3
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.
Posted: Tue Oct 28, 2008 5:11 pm
by David Mond
Then you have no problems - good
xx