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DRO and car
hi a newbie so be gentle. Which valuation at Parkers does the OR go by, as my car is valued as follows; poor £640 and good £1440 which would bar me from a DRO
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SoA for DRO - New SOA Added in 1st Post - Pls Check
Hi guys, Could you please check my SOA , im hoping to go for a DRO through the CAB as soon as possible. I am renting a flat with one other person, we are a couple but not serious, we do however have a joint bank account for paying some bills, water , gas ,elec etc. Its only my pay that goes into that account, she just…
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Which is better Br or IVA
I am trying to gather as much information for my fiance as i can, as he is in debt, so been posting on these boards and people have been great in helping. Been looking in to br and now looking in to IVA. My partner owes 120k of debt this includes a mortgage, securred loan on the house and credit cards. House can't be sold…
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Advice regarding starting an IVA
Hi all, My wife and I have a 1year old and another one on the way. We have several credit card debt and personal loans but are really struggling on repaying even the minimum and are starting to miss payments. Total amount is about £16k with 12 creditors. We went to CCCS but they suggested a repayment plan which we don't…
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Clear mobile phone bill through a DRO?
Hello' I know someone who filled for bankruptcy last year and he was told by his OR that he would not be able to use bankruptcy as a way to clear his mobile phone bills as they are between you and private companies? This usual? So... Would I not be able to clear my 3 mobile phone debts through a DRO?
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Ending IVA + Mortgage + Shar Ownership
What a nightmere Iam having. Wanting to sell my house to end my IVA, have been approved for shared ownership with H/A. I cant get a mortgage company to lend me 47,000k because of 'defaults' on mycreditfile left by IVA, even though ALL debt will be cleared and every other aspect of my file is squeeky clean. Have a 25%…
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Getting a DRO - How many months bank statement must you show?
Hello, Thinking about filing for a DRO but want to know does anyone know if you will have to show your bank statement and how many months going back? Someone told me it is 2 years worth of bank statements, this true?
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C/C & loan companies approach on IVA
Hi all, How are Credit Card & Unsecured Loan Companies' approach on IVA applications? Are they more likely to agree if you are not behind payments, is there any particular dividend threshold on the amount they are likely to get (25p in the pound)? Anyone with experience/knowledge can share?
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Will this DRO get processed?
Am i likely to get this DRO order processed or not? These are my basic details, i have a appointment next week at the CAB to fill in the forms, i am taking my whole JSA along and paying in full up front. Rent £16 per 2 weeks approx Electric £10 per 2 weeks approx Food and other household stuff £40 per 2 weeks Catalogue £60…
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Am i likely to get a DRO? If you have any knowledge on these?
Am i likely to get this DRO order processed or not? These are my basic details, i have a appointment next week at the CAB to fill in the forms, i am taking my whole JSA along and paying in full up front. Rent £16 per 2 weeks approx Electric £10 per 2 weeks approx Food and other household stuff £40 per 2 weeks Catalogue £60…
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applying for dro
well i sent my forms back to the national debtline on saturday-they still have not recieved them, i have nearly £10,000:eek: in debit-credit cards, catalogues, and overdrafts, the credit cards keep ringing me evern though i have told them i can only offer them £1 a month but it is not good enough for them, they say because…
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what's a DRO
Hi - seen a few times that people have mentioned DRO's - what are these? Should I look at this as an option before bankruptcy? What are the criteria? I can't show any surplass income to support regular payments, I have no assets....thanks!
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DRO appearing on Insolvency Register
Hi Guys My OH's DRO is showing listed on the Insolvency Registry - Is that it? Is that the end? :confused: Seems to straight forward?
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Does anybody know what’s DRO policy on personal debt (money owed to your friends and
Hi All, Does anybody know what is DRO's policy on personal debt (money owed to your friends and family) From what I’ve read so far it looks like DRO, if approved, will be able prevent creditors of taking legal actions against you for 12 months and subsequently to write off the debts for credit/store cards, unsecured loans…
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Iva and ppi claiming
hi everyone could someone advise me of something please. i have been in an iva for about 2 years now. i have been thinking about claiming back my credit card charges and ppi. my iva company said i can do this, they will take a percentage to give to our creditors. the thing is will the creditors take the rest of the money…
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IVA - Moving Abroad and Banking
Hi all I am part way through an IVA. I have just been offered a job in the Far East and have a few concerns/ questions that I am hoping someone may be able to help me with. Firstly, I will contact my Insolvency Practitioner to make sure that it is ok for me to move and work abroad. The company I am moving to intend to pay…
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Credit report clean up advice.
Hi, after reading the credit clean up post on here, I need a little advice. I just received my credit report after finishing my IVA in January. Report states my IVA started 22/01/04 and completed on 27/02/09 All of the entries say I defaulted on 22/01/04 which is what the sticky topic says it should, apart from one. LOWELL…
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Student Loans Company and DRO
I get this deferred every year. Someone has told me that SLC loans MUST be included in the DRO. Because it's another debt so has to be included with the rest. However, this is what is taking things over £15000. Is this correct? Because I know you can't include (from reading here) SLC loans in BR. Is what I have been told…
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clean up of credit file after an iva
i just wondered if someone could advise me , when i try to update the credit file after my iva is settled what changes do i need to make to the letters that are posted in the bankruptcy section? Thanks in advance
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Debt Relief Orders, debts inflated by charges ...
How would this work? Your debts, without late payments fees/charges were dramatically lower than they were before those things. Are these ignored ie they weren't part of the original debt but added in the months afterwards? Or are they included. Because, if so, it's going to take a lot of people's debts when added (without…