Debt Relief Orders (DRO) - Information & help thread

Orville

tigerfeet2006 wrote: »

£1074-908= 166 in my book. You don't want the amount left after debt repayments. Your SoA needs to be the one you will live by after your DRO has been issued and you have no debts not what you are living on before the DRO.


The figures I have given are what the government deem you should have to live on. Just because you don't spend it doesn't mean you can't put it down. Don't forget you will have no access to credit so will need a bit of a buffer. You have been living inb a seige mentallity for so long that you can forget what is reasonable. Actually tell a lie, groceries is about £186, I think, but in BR it tends to be accepted so no reason for it not to be in a DRO.

And I have just picked up it is you and a child (apologies I missed that last night) so the Groceries should be £250. Clothing can be up to £70. You should get contents insurance with accidental damage for your goods. I live in a HA house and I still have contents insurance on my goods. Came in very handy when the freezer broke down and ruined all my food and I couldn't afford £200 to restock it.

Do another SoA and put it up again with out the debts.

Hi Tiger.


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1115.9
Other income............................ 0
Total monthly income.................... 1115.9
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 50
Gas..................................... 0
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 26.48
Mobile phone............................ 25
TV Licence.............................. 29.1
Satellite/Cable TV...................... 24
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 40
Petrol/diesel........................... 120
Road tax................................ 15
Car Insurance........................... 20
Car maintenance (including MOT)......... 45
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1084.58

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 1,115.9
Expenses (including HP & secured debts). 1,084.58
Available for debt repayments........... 31.32
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 31.32
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Is this more like it, i have done it without the debts included. You may notice the TV licence is high. I only just got one this past weekend and from the research i have done you have to pay in advance. The amount is what the tv licence says i had to pay when setting the direct debit up.

tigerfeet2006

Looks fine to me. TV licence will be fine. I really do recommend that you get some contents insurance with accidental damage though. It is essential rather than a luxury. My 4 1/2 yo has just broken the toilet and sink (don't ask <rolls eyes>) and I rung the insurers and it is going to be dealt with.

Orville

tigerfeet2006 wrote: »

Looks fine to me. TV licence will be fine. I really do recommend that you get some contents insurance with accidental damage though. It is essential rather than a luxury. My 4 1/2 yo has just broken the toilet and sink (don't ask <rolls eyes>) and I rung the insurers and it is going to be dealt with.

lol broke the toilet and sink..? I hope your child is ok, sounds painfull

tigerfeet2006

Yup! he is fine, just a little shocked. He wanted to see inside the cistern. Lifted the lid off and broke the syphon, dropped the lid and broke the bit of porcelain that connects the toilet with the cistern. Stumbled back and slammed into the sink behind him and the mirror fell from the wall and cracked the sink. Oh! deep joy!

ladyday

Would anyone be able to tell me how many months bank statements CCCS ask to see when applying for a DRO ?

Orville

ladyday wrote: »

Would anyone be able to tell me how many months bank statements CCCS ask to see when applying for a DRO ?

Hi lady.

Can't say what the CCCS would require but in another thread i was told that one person only had to hand in one statement to the CAb and a friend of mine who did it with theCAB too didn't even need one.

ladyday

Thanks Orville.

Lee_m's post above states that CAB cross-referenced all three credit reports, do CCCS cross-reference all three as well ?

TheRealDeal_2

tigerfeet2006 wrote: »

Sorry, no they don't. You have a completly different system in Scotland. You will probably have to go for something like a LILA.

From the Bankruptcy Help sticky

Information for those in Scotland.


Advice on bankruptcy.

• Consumer Credit Counselling Service (Scotland) - Website: CCCS Telephone: 0800 138 3328
• National Debtline (Scotland) - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)

Others:

• Business Debtline Scotland - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

.
.
Accountant in Bankruptcy (equivalent of the English Insolvency Service).

Main website: www.aib.gov.uk

For general queries about insolvency (but not debt advice) you can contact: General helpline - Tel: 0845 762 6171 - Email: [EMAIL="Helpline&#64;aib.gsi.gov.uk"]Helpline@aib.gsi.gov.uk[/EMAIL]

Bankruptcy

Low Income Low Assets.

Debt Arrangement Scheme

Trust Deeds

Bankruptcy after 1 April 2008

• DAIP - Debt Advice and Information Pack
• Debtor's Guide
• Creditor's Guide
• Bankruptcy Restriction Guide
• Trust Deeds Guide

Thank you for that.

imatt

Hi all. Just gotton my DRO paperwork over the weekend! I rung CCCS and spoke to a chap over the phone as some bits needed ammending. He told be that I should arrange to have the overdraft facility on my current bank acc removed as this MAY be counted as a debt. is this correct??

imatt

fatbelly

imatt wrote: »

Hi all. Just gotton my DRO paperwork over the weekend! I rung CCCS and spoke to a chap over the phone as some bits needed ammending. He told be that I should arrange to have the overdraft facility on my current bank acc removed as this MAY be counted as a debt. is this correct??

imatt

No

Having a 'facility' doesn't count as a debt. But if he's actually overdrawn then it does, and should be included.

I guess the CCCS guy is trying to prevent that possibility. I wouldn't have bothered.