Debt Relief Orders (DRO) - Information & help thread

I have actually been approved for the DRO last month. I did not know the approximate balances owing but had all the companies. I did my DRO through Baines & Ernst and the gentleman I spoke to was one of the most nicest persons I had ever come through. He basically went through everything with me, income / expenditure, asked how I got into this trouble. They are one of the I think there are only 4 or 5 listed companies who can actually do this. After everything he told me straight out that there was a 98% it would go through. They say the turnover is 24 hours, however, mine was 48 hours and the waiting is the worst part. The thing that worried me the most was what if it does not get approved by the official receiver, that is £90 down the drain.

The only thing that I am stressed with is opening a bank account.

In relation to DROs:

Would a basic bank account have to be given up or have restrictions on it.. would the Bank be informed of the DRO? (Currently has small unused overdraft facility with no debt owed)

Would Bank statements have to be supplied to the receiver to apply for a DRO and if so, for what period (6 months?)

Would you have a home visit by an official? or would it all be done through the post?

Would you have to visit Court (as in bankruptcy?)

^ I can't say for def but from what little I know:

1/ If there's no debt to the bank (and I include credit cards and loans as well as overdrafts) or sister bank (ie - natwest/RBOS) then the bank account is fine.

2/ Latest statements of all creditors are required.

3/ All done through phone and post. (Well it is with the CCCS)

4/ No



I have my final appointment to go through the application on the 5th. Had a lovely lady called Fay help me and pass me to a man who registered me with the IS and enabled the barcoded letter to be sent out. Will have it all paid by the 5th so it can be submutted and will hopefully know either way by the tenth.

Just 2 weeks to get through!


Good luck everyone

Thanks folks.

Finally.. any info on how your credit file is effected? Cleared after a year? or perhaps 6 yrs? Marked "DRO" in the meantime i should guess?

YAY!!! Just got my letter today to tell me my DRO has been approved!!!!!