Debt Relief Orders (DRO) - Information & help thread

in2deep_2

So, great relief, DRO officially approved today a mere 2 days after submission.
Do I need to do anything now in respect of sending the notice to my creditors or will the insolvency people send it to each of them??

fatbelly

in2deep_2 said:

So, great relief, DRO officially approved today a mere 2 days after submission.
Do I need to do anything now in respect of sending the notice to my creditors or will the insolvency people send it to each of them??

Well done. You sit back and relax. The creditors were emailed when the dro was approved

sourcrates

in2deep_2 said:

So I had my MW meeting today, tense but very productive, everything is in order and just waiting for me to sign off on the actual submission to the IP.
What can I expect next? Endless creditors phone calls and knocks at the door?? 

Will my banks be periodically inspected??
it’s more nerve wracking now than before.☹️

None of the above, no calls, no knocks, creditors are all informed of your DRO.

Your bank account is not checked by anyone, that would be a breach of the GDPR.

Once approved, you wait 12 months, life carries on as per normal, after which your debts are written off.

No fanfare, no big finish, all very quiet and civilised really.

RAS

The fees paid for the DRO really don't allow much oversight. It's based on self-reporting.

Obviously if you get an inheritance and lottery win, you need to report it. If you get a small pay increase, do check whether your outings have increased as well. 

in2deep_2

Hi, is this normal. Obviously I was expecting it but not the ccj part.
is this just clearscore getting confused.??

fatbelly

Yes, it sounds like it. Check another report if you are worried

in2deep_2

Hi, Is it normal to not receive any acknowledgment from creditors?? DRO was approved a month ago and so far I’ve only had missed payment letters.
Is it up to me to inform creditors??

fatbelly

They are informed by the Insolvency Service

sourcrates

in2deep_2 said:

Hi, Is it normal to not receive any acknowledgment from creditors?? DRO was approved a month ago and so far I’ve only had missed payment letters.
Is it up to me to inform creditors??

Creditor response to a DRO being granted is often quite muted, some may not even acknowledge it at all.

But non of that matters, a DRO is a statutory insolvency solution, you may get an acknowledgement letter or you may not, but after 12 months your debts are written off, and you are then debt free.

During this moratorium period, your creditors can`t approach you for payment, so some will just go radio silent.

Robbie64

I was granted a DRO on 25 September 2019, which completed successfully on 25 September 2020. When will the DRO fall off my credit reports? Is it 6 years from when the DRO was granted (25/09/19) or 6 years from when it was satisfied (25/09/20).

Thanks in advance for any reply.