DRO and self employment

Confuzzledhelp · 10 August 2017 at 9:40PM

Hi all,

Hoping you can help! Spoke to CAB but no one seems to know the answer. I'm self employed as well and employed. My question is, how will a DRO affect my self employment? It is not a LTD company, and I am in partnership. Can I still run my business as usual? The debt I have is personal btw, nothing to do with the business.

Thanks!

sourcrates · 10 August 2017 at 9:47PM

This is from the .gov website :

Restrictions

You must follow rules called ‘restrictions’ if you get a DRO.

This means you can’t:

borrow more than £500 without telling the lender about your DRO

act as the director of a company

create, manage or promote a company without the court’s permission

manage a business without telling those you do business with about your DRO

If you want to open a bank account, you may also have to tell the bank or building society about your DRO.

DRO and self employment

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