Selling small items...bad idea?

[SunshineGal]

Hi Jlynn,

Since you're in FL with the super generous exemptions of $1,000 for personal property (insert sarcasm here ) I would have the yard sale prior to the date of filing since technically, those small personal items become property of the estate the date you file. I'm sure it probably wouldn't matter in the grand scheme of things, but I tend to err on the side of caution. (ie: I can be a bit paranoid, lol)

[tcreegan]

The yard-sale is small potatoes, as backtoschool and ACH said, go for it. And while you are at it, the prices you get at a garage sale are good for valuing the rest of your personal property for your exemptions.

Hope you have better weather than we are having!

Tom in Colo

[AngelinaCatHub]

Go for it and I hope you make more than a couple hundred. What you ask is tantamount to reporting finding change in your couch cushions. It is a non issue. Sell the condo, now, may be a bit different. 'Hub

[backtoschool]

It is fine. People sell small items to pay their bills all the time. It is not considered trying to get rid of assets.

[jlynn275]

Before I even considered BK I started "anti-hoarding" and stashing things I wanted to get rid of in a garage sale. My mom, cousin and best friend are all adding things to the sale and we have planned on having one in November. I started the BK process (not filed yet, but gathering) and I'm wondering if having this sale is a bad idea? I could only possibly make $200 MAX on all my items, unless we actually sold my above ground pool (which I tried selling alllll summer). It would be at my house and I could use all the extra dollars I can get towards my attorney fees. But I also just like to clean house once in a while.

So how does this work? Is this considered trying to get rid of assets or does that only matter if you are talking big ticket items? Where is the line? Like if I sold my pool and accessories for $200 and made a $100 on small items.