We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Debt Relief Orders (DRO) - Information & help thread
Comments
-
immoral_angeluk wrote: »Yes, DROs are personal and so in your cases would be based on sole income/debts etc, or anything which is joint. Your household bills are more complex so I would recommend speaking to a debt advisor about the best way for you both to do a DRO and your financial statements, as there are many ways you could do it.
What do you do with the bills immoral..? If they are joint do you split it if you both were going for a DRO, or if only one is doing it, does it then fall on the one NOT doing a dro to carry on paying it...?0 -
If they were my clients I'd look at what names the bills are in, as well as what income each of them has and work something out around this, or if we had full household bills on each financial statement I'd include a 'partner's contribution' in the income. I would use the whole bill amount though in most cases. Sometimes it is easier to split the bills but it depends on the circumstances.What do you do with the bills immoral..? If they are joint do you split it if you both were going for a DRO, or if only one is doing it, does it then fall on the one NOT doing a dro to carry on paying it...?
That or you could just do a full whole of household FS for both of them if the expenditure was below £50 anyway. Would need to see their income/expenditure to see which was the best way of doing it, there's so many variations sometimes you need to try a few things to get the most accurate FS!Total 'Failed Business' Debt £29,043
Que sera, sera.
0 -
ok, everything is in my partners name though as the tenancy is...but i have to pay my share.
Also when they are working out your £50 disposable income is this after you have paid all your creditor minimum payments? If we didnt have to pay all our creditors we would probably have more than £50 (not a lot probably a few pounds) but after we are in serious defecit!
last question lol do mobile phone contracts and landline/internet count as household bills?0 -
The disposable income is before repayments on any debt you're going to include in the DRO. Household bills is all 'reasonable domestic expenditure' and will include anything you pay money to, within set guidelines which your advisor will speak to you about.ok, everything is in my partners name though as the tenancy is...but i have to pay my share.
Also when they are working out your £50 disposable income is this after you have paid all your creditor minimum payments? If we didnt have to pay all our creditors we would probably have more than £50 (not a lot probably a few pounds) but after we are in serious defecit!
last question lol do mobile phone contracts and landline/internet count as household bills?Total 'Failed Business' Debt £29,043
Que sera, sera.
0 -
wow, im only on basic benefits. We have only minimal household bills because of the debt but still if we arent talking in terms of creditors we are over the £50...on state benefits...who would this actually apply to???0
-
What benefits are you on? Generally state benefits are seen to provide you with the basic minimum of living... are you able to post an SOA on here as it's difficult to say for certain without seeing it?wow, im only on basic benefits. We have only minimal household bills because of the debt but still if we arent talking in terms of creditors we are over the £50...on state benefits...who would this actually apply to???Total 'Failed Business' Debt £29,043
Que sera, sera.
0 -
Not sure if this has been posted elsewhere but the DRO website is being upgraded this week.
Applications can be worked on but NOT submitted (which is a bit of a pain as I've got a client who needs a DRO fast to have something to wave at the council's bailiffs!)
Back to normal on 18 Oct!0 -
Tell me about it, I'm waiting for my intermediary log in!! Very frustrating as I got my password friday.. lolNot sure if this has been posted elsewhere but the DRO website is being upgraded this week.
Applications can be worked on but NOT submitted (which is a bit of a pain as I've got a client who needs a DRO fast to have something to wave at the council's bailiffs!)
Back to normal on 18 Oct!Total 'Failed Business' Debt £29,043
Que sera, sera.
0 -
Not sure if this has been posted elsewhere but the DRO website is being upgraded this week.
Applications can be worked on but NOT submitted (which is a bit of a pain as I've got a client who needs a DRO fast to have something to wave at the council's bailiffs!)
Back to normal on 18 Oct!
The whole IS is going through it.
http://www.insolvency.gov.uk/ITUpdateSep10.docFree/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
immoral_angeluk wrote: »What benefits are you on? Generally state benefits are seen to provide you with the basic minimum of living... are you able to post an SOA on here as it's difficult to say for certain without seeing it?
well i get 420 ctc and 135 cb, dh gets 260 wtc and 600 from work. our rent is covered by housing benefit less 160.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards