Selling on ebay whilst BR

getting_informed

A bankrupt cannot deal with their property freely, because it is the OR's property. It vests in them at the time of the bankruptcy order. So if you have a bankruptcy and make a few hundred quid the OR can take this from you, because it is theirs.

You are told this on the very first letter you receive from the OR. Pull out your copy of the NTB2. Then call your Examiner.

southgrange

So you are telling me if you had a load of tat you couldnt car boot it without informing the OR first?? Such tat wouldnt be on the inventory of your estate.

curly04

:eek: ive sold loads of stuff on ebay, and never told anyone, it was only old clothes and my ex's stuff he wouldnt move oooops

southgrange

Well 7 years for you!:rotfl:

curly04 wrote: »

:eek: ive sold loads of stuff on ebay, and never told anyone, it was only old clothes and my ex's stuff he wouldnt move oooops

alastairq

A bankrupt cannot deal with their property freely, because it is the OR's property. It vests in them at the time of the bankruptcy order

Which is why the BR is given an option to purchase the OR's 'interest'.....or the OR declares 'no interest' in property or goods under a certain minimum value.

Once the 'interest' is passed over to the BR, it is theirs to do with as they wish.

IN just the same way, a BR is allowed to claim certain amounts on the SOA, for things like haircuts and holidays.

Whether the BR actually uses the money allowed, for those purposes is entirely up to the BR.


I wonder how many bald BR's have refused to claim for haircuts.. because 'they have no hair to cut?'

curly04

im going to jail free board, lodgind and sky tv was it worth it for less than £30

BaldEagle

alastairq wrote: »

I wonder how many bald BR's have refused to claim for haircuts.. because 'they have no hair to cut?'

:hello:

Am thinking of wearing a wig when I go to court, though

timpe

Blimey! Didn't think it would cause such a heated debate. The consensus seems to suggest it's ok with an outside risk of doing 7 years bird.

flump01

i would just give your OR a call and check...then at least if the OR has no interest you can do it without worry

JCS1

getting_informed wrote: »

A bankrupt cannot deal with their property freely, because it is the OR's property. It vests in them at the time of the bankruptcy order. So if you have a bankruptcy and make a few hundred quid the OR can take this from you, because it is theirs.

You are told this on the very first letter you receive from the OR. Pull out your copy of the NTB2. Then call your Examiner.

The OR is not going to be interested in second hand clothes, books, and other household items. By the time they had paid for an agent to go out to collect them, and then sold at auction (and paid fees) I think they would be making a loss.

It does however, depend on the value of ebay profit, if a few hundred they are unlikely to be interested though you may want to check with them first. A few thousand would be a different matter.