Forum | UK Debt Relief Order, Debt Relief Orders UK

melly on Balance Transfer showing as a preference in the pre-submission check

Mon, 30 Aug 2010 09:21:34 +0000

Hello,

I have just received a copy of my DRO application and it states that I have a preferred creditor and that I have shown a preference in the pre-submission check.

I made the balance transfer in an attempt to lower my payments before even knowing then I was facing insolvency.

I am really worried that my application may be rejected because of this.

Can anyone please advise me on this and also if I can add explanatory notes to my application or ask my Intermediary to do so?

Many Thanks,

Eaglewoman on £50 or less

Tue, 17 Aug 2010 10:57:30 +0000

Hi, I wonder if you could help please? Regarding the £50 or less regulation. I have been told that you although you cannot have more than £50 you must have something left each month in order to qualify for a DRO, I think £1, or you cannot qualify. This seems to undermine the whole ethos of a DRO. Is it correct?

Thanks

angelaric01 on Tax credit Overpayments

Tue, 20 Jul 2010 08:12:56 +0000

Thank you for ths forum topic because my problem has been finished after read this forum.

Debt Relief

tiktaktiktak08 on credit debt settlement

Wed, 05 May 2010 22:19:26 +0000

I have ever got some stuck with credit debt settlement. At that time I have no idea what to do a and where to get credit debt help. Luckily, one of my friends introduced me a debt consolidator. All goes well now. Thanks, debt consolidator!

jason coombs on Reducing debts to the £15,000.00 Threshold to enable a DRO.

Tue, 17 Nov 2009 08:12:30 +0000

Hi all, Is there any way of reducing my debts to below the £15,000.00 threshold and become eligible for a DRO? (I am just over the threshold). Can I offer payment to all of my existing Creditors at an equal rate or proportionate amount calculated by percentage of debt? Any ideas? Please help if you can, I need to get this all behind me and move forward with my life. Kind regards, Jason.

drake984 on Tax credit Overpayments

Mon, 28 Sep 2009 09:11:12 +0000

Hi there just found this web site today!!!

Wondered if anyone else has come across this same situation.
I became subject to a DRO on 13th Aug this year. I included in this order an overpayment for Tax credit awarded a couple of years ago. As they have continued to make reduced payments to me i called them the other day and was infomed that because i have an on going award with them they can continue to make reduced payment to me to recover the balance, however if i was not claiming Tax Credits they would not persue me for the debt! I called to insolvency service to get clafification on this and they informed me that HM Revenue and Customs are treating these debts as they would be treat in bankruptcy and not as a DRO as the wording in the legislation is different therefore they should not continue the take the overpayment from my award. However the insolvency service say they cannot do anything about this my only option would be to persue this matter myself through the courts.

I feel at a loss really wondered if anyone out ther has had the same trouble??

Thankyou

sabina on Wonderful High Quality Brand Electronics

Tue, 22 Sep 2009 16:41:17 +0000

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laneyg79 on Debt releif order - mortgage

Fri, 21 Aug 2009 05:34:58 +0000

I've negative equity in an ex partners mortgage, my name is on the mortgage, although I have never put any money into the mortgage and its currently in a state of negative equity. I can't get my name off the mortgage as it will cost my ex partner a few thousand to change it and he is not prepared to do this. I want to apply for a debt releif order as soon as possible to clear my debts , will my name on this mortgage affect my application?please help!

oni on How long does a DRO take to process

Mon, 03 Aug 2009 14:26:49 +0000

Hi there, i've just done the same and wonderd if anybody know how long there take to be in action has i cant seem to find anything on the web about it.

oni on How long does a DRO take to process

Mon, 03 Aug 2009 14:26:12 +0000

Hi there, i've just done the same and wonderd if anybody know how long there take to be in action has i cant seem to find anything on the web about it.

kevinreed on How long does a DRO take to process

Wed, 24 Jun 2009 04:14:34 +0000

Hi i made the payment of £90.00 pounds straight away at the post office and thought the DRO would be in action straight away.But how long does it actully take to process.And when doe the banks and credit card companys know.

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Tue, 05 May 2009 23:45:54 +0000

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Debt Relief Order UK on Debts That Can't Be Included in a Debt Relief Order

Thu, 26 Feb 2009 17:09:07 +0000

What debt can I not include in a debt relief order?

You may not include the following debts in a DRO:

Any fine imposed for an offence
Certain obligations arising under an order made in family proceedings
Obligations arising under a maintenance assessment under the Child Support Act 1991
Obligations arising under a confiscation order under s1 Drug Trafficking Offences Act 1986
Obligation arising from a liability under a Student loan

Such debts are excluded as a matter of public policy. It would not be right that, for example, an individual could evade payment of a fine by seeking the protection of insolvency proceedings. Student loans became non provable debts in bankruptcy as a result of the Higher Education Act 2004 and are excluded to protect public funds, because of the unique, non-commercial nature of these loans and their terms of repayment.

Debt Relief Order UK on Citizens Advice sounds warning over spiralling household debt - 24dash

Thu, 26 Feb 2009 16:33:25 +0000

Citizens Advice estimates that nearly a third of its debt clients could be eligible for a debt relief order - a new low-cost alternative to bankruptcy for people who owe less than £15,000 and have assets worth less than £300 - when it comes into force in April 2009.

24dash

Citizens Advice sounds warning over spiralling household debt
24dash, UK
Citizens Advice estimates that nearly a third of its debt clients could be eligible for a debt relief order - a new low-cost alternative to bankruptcy for people who owe less than £15000 and have assets worth less than £300 - when it comes into force ...

Source: Citizens Advice sounds warning over spiralling household debt - 24dash

Debt Relief Order UK on People seeking debt solutions and personal insolvency set for ... - Creditman

Thu, 26 Feb 2009 16:32:17 +0000

People seeking debt solutions and personal insolvency set for ...
Creditman, UK
Furthermore TDX Group anticipates a doubling of debtors who have no realistic hope of recovery, whose only option will be bankruptcy or the new Debt Relief Order (DRO). But it’s not just people on lower incomes who will be hit as increased redundancies ...

Source: People seeking debt solutions and personal insolvency set for ... - Creditman