Debt Relief Orders (DRO) - Information & help thread

sourcrates

The obvious answer is to wait until they are out of hospital and are able to do this for themselves.

Its not like much will happen in the meantime.

No one else can arrange anything in there name without the correct legal arrangement been in place.
Also if there condition was too be permanent, then a re-think would be needed.

fatbelly

I'm an intermediary and I would want to talk to the person. How much capacity do they have?

Does anyone have power of attorney?

Frankly bankruptcy would be easier - the other issue is that if you miss something in a DRO it's not covered  whereas in bankruptcy it is.

As a different tactic, what debts are these and how many of them? Have you considered/tried asking for write-offs?

bobtheha

sourcrates said:

The obvious answer is to wait until they are out of hospital and are able to do this for themselves.

Its not like much will happen in the meantime.

No one else can arrange anything in there name without the correct legal arrangement been in place.
Also if there condition was too be permanent, then a re-think would be needed.

Thanks,
it looks like the effects will be permanent so they’ll not be able to work again.
The hospital stay could be a long one and we want to get things sorted ASAP, the finances are just one on a list of many that need taking care of.

bobtheha

sourcrates said:

The obvious answer is to wait until they are out of hospital and are able to do this for themselves.

Its not like much will happen in the meantime.

No one else can arrange anything in there name without the correct legal arrangement been in place.
Also if there condition was too be permanent, then a re-think would be needed.

Thanks,
it looks like the effects will be permanent so they’ll not be able to work again.
The hospital stay could be a long one and we want to get things sorted ASAP, the finances are just one on a list of many that need taking care of.

bobtheha

fatbelly said:

I'm an intermediary and I would want to talk to the person. How much capacity do they have?

Does anyone have power of attorney?

Frankly bankruptcy would be easier - the other issue is that if you miss something in a DRO it's not covered  whereas in bankruptcy it is.

As a different tactic, what debts are these and how many of them? Have you considered/tried asking for write-offs?

Hi,
we are trying to sort POA at the minute.
There mental capacity varies as it’s affecting memory and some other physical functions as well. They are quite confused.
All the debts are unsecured loans/credit cards totalling around £18k.
we have written to all the companies involved to explain the situation but some are quite akward without POA in place.
we did consider bankruptcy as an option but thought a DRO would be less hassle.
would we be better swapping.

thanks.

fatbelly

bobtheha said:

fatbelly said:

I'm an intermediary and I would want to talk to the person. How much capacity do they have?

Does anyone have power of attorney?

Frankly bankruptcy would be easier - the other issue is that if you miss something in a DRO it's not covered  whereas in bankruptcy it is.

As a different tactic, what debts are these and how many of them? Have you considered/tried asking for write-offs?

Hi,
we are trying to sort POA at the minute.
There mental capacity varies as it’s affecting memory and some other physical functions as well. They are quite confused.
All the debts are unsecured loans/credit cards totalling around £18k.
we have written to all the companies involved to explain the situation but some are quite akward without POA in place.
we did consider bankruptcy as an option but thought a DRO would be less hassle.
would we be better swapping.

thanks.

I think someone should get POA if they can.

But pushing for write-offs is better than insolvency and in this situation it sounds like a strong case - the alternative would be for the creditor to start a court claim. That's not going to look good to a judge particularly if you have already explained that there is no way of enforcing this.

You may get an 'agreement not to pursue'. That's just a s good and the debt would go statute bared after 6 years

The weak point of a DRO is that everything has to be listed and if you are not 100% convinced that you know of every debt, one could come out of the woodwork later and cause problems. That doesn't happen with bankruptcy.

bobtheha

fatbelly said:

bobtheha said:

fatbelly said:

I'm an intermediary and I would want to talk to the person. How much capacity do they have?

Does anyone have power of attorney?

Frankly bankruptcy would be easier - the other issue is that if you miss something in a DRO it's not covered  whereas in bankruptcy it is.

As a different tactic, what debts are these and how many of them? Have you considered/tried asking for write-offs?

Hi,
we are trying to sort POA at the minute.
There mental capacity varies as it’s affecting memory and some other physical functions as well. They are quite confused.
All the debts are unsecured loans/credit cards totalling around £18k.
we have written to all the companies involved to explain the situation but some are quite akward without POA in place.
we did consider bankruptcy as an option but thought a DRO would be less hassle.
would we be better swapping.

thanks.

I think someone should get POA if they can.

But pushing for write-offs is better than insolvency and in this situation it sounds like a strong case - the alternative would be for the creditor to start a court claim. That's not going to look good to a judge particularly if you have already explained that there is no way of enforcing this.

You may get an 'agreement not to pursue'. That's just a s good and the debt would go statute bared after 6 years

The weak point of a DRO is that everything has to be listed and if you are not 100% convinced that you know of every debt, one could come out of the woodwork later and cause problems. That doesn't happen with bankruptcy.

Thanks for the advice, I’ll try again with the companies to see if we can get everything wrote off first.
we are pretty sure we have found all the debts but will hold off on the DRO.

thanks again.

Tina1993

Hello everyone !
Hope you are all well !
 I have a question maybe it's a silly one , but hope someone give me advice and tell me what to do ! 
My  DRO has been submitted and 90 £ fee was paid on 23 of February , it's been exactly 2 weeks since then and still not answer from Insolvency service! I've read a lot of forums and people saying after submitting DRO is taking maximum 48 hours to be granted. Is there anyone with such a experience have been waiting so long? I know that due the pandemic can take a bit longer, but still after reading all your experience here i think it's way too long!  Shall I be worried about anything? 
Thanks in advance ☺

JonVarnas

Tina1993 said:

Hello everyone !
Hope you are all well !
 I have a question maybe it's a silly one , but hope someone give me advice and tell me what to do ! 
My  DRO has been submitted and 90 £ fee was paid on 23 of February , it's been exactly 2 weeks since then and still not answer from Insolvency service! I've read a lot of forums and people saying after submitting DRO is taking maximum 48 hours to be granted. Is there anyone with such a experience have been waiting so long? I know that due the pandemic can take a bit longer, but still after reading all your experience here i think it's way too long!  Shall I be worried about anything? 
Thanks in advance ☺

I wouldn't be worried personally. You would have gone through a debt charity anyway to apply for the DRO so they would/should have made sure that there wouldn't be any problems before they push the button. Perhaps their backlog has really grown in the last couple of months. I mean, my DRO was approved back in September in a matter of days but at the same time any response to queries took at least a couple of weeks.

Have you checked your credit files yet? Once sure way to see if there's any movement is a credit check by the Insolvency Service. Also, how did you pay the fee. My Stepchange said they could send the application straight away if I paid direct at a Post Office but if I had paid via a bank transfer they had to wait 5 working days before submission.

Tina1993

Hi JonVarnas ! 
 Thanks so much for your answer ! Stepchange has submitted my application on 23 of February in the morning and straight away send me the letter with the barcod on it which I've paid the same day in cash at a post office !
 I've checking my credit file and the insolvency service register every day since then , but there it's still nothing ! Seems like i have to wait a little longer! Hope all goes OK 😊