Debt Relief Orders (DRO) - Information & help thread

immoral_angeluk

Ginger_Love wrote: »

Hi all, I've been discussing my debt situation with Payplan and they have recommended we go down the DRO route. This is a bit worry to us as we've never been in financial trouble before.

I recently became unemployed with almost £10,000 worth of debt - most of which is on credit cards. Up until this I have never missed a single payment and all payment have been on time.

We have now missed two payments on all of our accounts are the phone is constantly ringing.

For the purpose of the DRO I have included ALL household income including shared benefits and child benefits - however all the debts are in my sole name so I'm not 100% sure this is right.

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1306.28
Other income............................ 0
Total monthly income.................... 1306.28

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 390
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 43.33 (Averaged over 12 months)
Gas..................................... 60 (Averaged over 12 months)
Oil..................................... 0
Water rates............................. 22.5
Telephone (land line)................... 50
Mobile phone............................ 10
TV Licence.............................. 12.12 (Averaged over 12 months)
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 433.33
Clothing................................ 80
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 25.2
Childcare/nursery....................... 0
Other child related expenses............ 5
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 48
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 30
Total monthly expenses.................. 1261.48



Monthly Budget Summary
Total monthly income.................... 1,306.28
Expenses (including HP & secured debts). 1,261.48
Available for debt repayments........... 44.8
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 44.8

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0


For me the clothing budget seems high on a monthly basis but realistically over a 12 month period, clothing 4 people and including school uniforms this will probably be right.

All feedback welcome.

Your 'other' expenditure (clothing, emergency funds, child costs etc seems high and may not be acceptable, however I don't have the trigger figures to hand so I'd imagine that someone else will be able to confirm if it's within the guidelines...
Otherwise I can't see anything wrong with that, other than your travel expenses being very low, why is this? What are the details of the debts you have?

immoral_angeluk

jadeda3 wrote: »

hi i took out a dro last year, october it think it was, but have since moved, and cant seem to find the letters yet as still havent finished unpacking. is there any way i can find out if my dro has finished?

www.insolvency.gov.uk/eiir

It's been playing up a bit so bear with it...

immoral_angeluk

Orville wrote: »

No i don't think so either. Fermi is there anyway you can find out for sure. i know you can still apply for loans but you can't go over £499.99 without then having to inform who you are getting a loan from that you are under a DRO.

That's pretty much it, as far as I'm aware there's nothing stopping you, but one condition of a DRO is that if you get any credit over £500 you have to inform the creditor you are subject to a DRO. It might be worth calling the jobcentre and asking.

istanbul_2

i wish to thank all that helped me on here. i went to cab and managed to sort out a dro for january. they told me not to worry now and they will sort out any problems with creditors.

immoral_angeluk

istanbul wrote: »

i wish to thank all that helped me on here. i went to cab and managed to sort out a dro for january. they told me not to worry now and they will sort out any problems with creditors.

Glad to hear it

istanbul_2

sorry to bother you again i forgot to ask the cab about my two sons account at natwest will they shut their own accounts with us going for a dro ?

immoral_angeluk

istanbul wrote: »

sorry to bother you again i forgot to ask the cab about my two sons account at natwest will they shut their own accounts with us going for a dro ?

Are they in your name, or do you have them in trust?

istanbul_2

no they got their own accounts separate from our account but same address

immoral_angeluk

istanbul wrote: »

no they got their own accounts separate from our account but same address

Won't make a difference then, don't worry. DROs only affect things in your name.

moomoo22_2

Hi there, just wondering if anyone could help me,

I have an appointment with my local CAB on the 16th, When making my appointment the lady on the phone asked rough details of my debts etc and is sending me out something called a debt pack.

I would just like to know if there is anything that I could bring with me to speed up the process a little bit? such as statements and maybe my credit report? It is unlikely that I will have the £90 fee on that particluar day but if there is anything else that could be useful.

Thankyou very much in advance