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Debt Relief Orders (DRO) - Information & help thread
Info from Government website : https://www.gov.uk/government/publications/getting-a-debt-relief-order/getting-a-debt-relief-order National Debtline: https://www.nationaldebtline.org/EW/factsheets/Pages/37%20EW%20Debt%20relief%20orders%20%28DROs%29/Default.aspx
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Individual Voluntary Arrangement (IVA) & Debt Relief Order (DRO) Info, advice and help thread.
Updated 21/05/2023 DRO (Debt relief Order). There is info on the net and in the link provided below, but these are the main practical features - (1) Total debt must be no more than 30k (2) Must not be a homeowner (not even with neg equity) (3) Asset limit is now £2000 as well as a vehicle valued at up to £2000. (4) Monthly…
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IVA & DRO Board Sticky
Hi folks :) This is the new IVA & DRO Board Sticky where links to all current important threads will be kept. Links: Debt Relief Orders (DRO) - Information & help thread IMPORTANT READ FIRST - Where to seek IMPARTIAL FREE advice DRO s and benefit overpayments IMPORTANT - Beware of advice via PM
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How's your experience been with a DRO?
Hi everyone, I'm in the process of considering a DRO but not 100% sure yet. It's more that I'm scared, feeling of guilt and stuff. For people who have been on a DRO or any type of similar system, how's it been? How was life at the start with all this worrying, how's life now after the six years with the fresh start? Any…
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Hoping to apply for a DRO
I am just at the very beginning of applying for a DRO, my debts are less than £50k, I have no assets etc however I’m wondering if when applying your partners income is included? The debts are mine alone, I work part time and pay a few bills of my own such as my phone & prescription prepayment. I send my husband £500 a…
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Building credit after completed IVA
I completed my IVA last October and have recieved my certificate of completion now. Sometime in the future I would like to buy a house and get a mortgage. How can I build my credit rating back up so that I can get a mortgage in the future?
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TSB refusing to change default date - Scottish Trust Deed
Hi there, I have been in a protected Trust Deed since January 2023 and TSB are refusing to change the default date of my Credit Card to be aligned to the PTD. I have raised a complaint with them that they have not upheld and the FOS won't help either as they are saying the issue is over 6 months ago so won't help. I was…
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DRO
Good morning everyone, I'm new to this Forum but just wondered if anyone could help me by answering my question. My DRO ended on 7th August. I would like to take £4100 out of my pension to pay back my sister who lent me money whilst on the DRO is it ok to do this so soon after my DRO has ended ? Also how do I go about…
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Trust Deed was transferred to another Trustee
Hello! So in 2023 I finally broke down and realised how much debt I had, and I entered into a Trust Deed with Interpath Advisory/Cleanslate as I think it’s called now. After a year we revised my payments as my wages had increased. In March of this year (2025) I received an email from Carrington Dean that my Trust Deed had…
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IVA advice
I had a failed business and thanks to personal guarantees I now have nearly 800k of debt. Obviously bankruptcy sounds like the answer but I have 2 other limited companies that are doing ok and I don't want to give up being a director of these businesses. I also have a mortgaged property (Tennant in common) with my partner.…
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Final and full IVA
Hey everyone, I am hoping you would be able to help me please. I got 11k in debt however my loan of £8500 has now got a default since early July ( made last payment in June,). I was trying to get my debt sorted and reached out to Money Wellness Group, which I found out about as PayPal sent me an email on how to manage…
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Recommended IVA
Good morning, Firstly I would ask that you don't judge, I am fully aware I have made some very silly mistakes when it comes to my money and I am now trying to get on top of them. I have just had a call with Nationwide Partners who after going through my debts with me have recommended an IVA. I currently owe £15k in…
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DRO Approved - What Happens Next
Thankfully, good news was received at 11:30am today when the Insolvency Service approved my DRO, not something I'm particularly proud about but something I will learn from and already have. Question I have is what happens now in regards to the 12 month DRO period, will the OR be sporadically checking in on me ?? Will I be…
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IVA Discharge and applying for a mortgage
I entered into my 6 IVA following my divorce in Dec 2018 and settled it 18 months early in June 2023. I am now trying to get my interest only mortgage that's joint with my ex husband into my name only as a repayment mortgage. I have an excellent credit score (985) with no markers on my report, and have the affordability…
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Should I get an IVA?
Hi, I’ve searched the forums but can’t quite find the answer I’m looking for. Sorry if this is a bit long winded . I’ve had a DMP with Payplan since 2014 and have so far paid off £14,000 and have about £9000 left to pay. I’m on PIP and UC and took early retirement from my job as a midwife so have a small NHS pension. I…
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DRO
Hello, my first post here 😊 I’m currently in process of going through my DRO application, long story short I lost my partner 4 years ago and I’m a single dad to 5 children. I had to leave work and past 3 years I’ve struggled and my financial situation has gone worse, I’ve never missed a bill up until past 2 months I went…
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Moved: Debt Managemt Plan query
This discussion has been moved.
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Getting a mortgage with a spouse in an iva
Is it possible for a person not in an IVA to apply for a mortgage with a spouse that is in an IVA? I understand that the bank obviously wouldn't use the spouse on a joint application but would they consider their income on the application?
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Applying for DRO - declarations
What needs to be declared when applying for a DRO besides the debts? I would need to show my bank accounts and details, but what else would they ask for? I have a paypal account. This is not paypal credit or any part of my debt. I have £100 in my paypal balance Would they need to see anything like this paypal account?
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DRO has been approved but AMEX want information?
Hello everyone, I had a DRO approved at the end of June and it seems like there is a trickle of companies being notified of it already. One was super good (acknowledged the DRO and have updated records to show it has defaulted already) but the response I got from American Express has unsettled me and got me worrying that…
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DRO and Court Claims
I've got a question to ask about DRO's and Court Claims if someone could help me understand this please. My DRO went live on 13/2/2025, my set aside application was granted on 27/2/2025 and now the case has been stayed on 1/7/2025 Am I correct in thinking that the case is stayed until the DRO's Moratorium period expires?…
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Voluntary charge vs IVA
We are reluctant to enter into an IVA, but we do have equity in our home that would easily cover our debts when the house sells (on the market at present). Does anyone have experience of a voluntary charge and what it entails?
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IVA repayment
I finished paying off my IVA almost 15 years ago and today I received a letter from a company called Debt Movement who says that after they acquired the IVAs of Aperture Debt Solutions in September 2020 they've found that I'm owed money on my closed IVA. They have stated that I don't owe them any money and to give them a…
