Debt Relief Orders (DRO) - Information & help thread

Merry_Gentry

Unfortunately as you have a car, they might view it that you would be able to take your OH or he use your car. Cars are a very sticky area when it comes to BR - some OR's have quite a high exemption level, some will take car worth only £200 simply so they can lower your expenditure on your SOA in the hopes of getting a IPA from you.

dalip

Just to say daughter has just rung CCC's with a view to getting help to do a DRO. She has been told by the advisor that she can not appy for a DRO beacuse she has a car valued at over £300(no assets allowed over £300) but less than £1,000.

So she has been told to go bc and to tell all(4) creditors she is going bc:eek: .She is unemployed and pregnant so it will take her ages to save the £350 needed.

Good job i have this very informative site eh:D

dalip

Yes i thought so too bat. Just been trying to check the value of the car on the parkers guide but you have to pay:eek: .

So if anybody out there subscribes to parkers......:D please could you do me a favour.lol

JCS1

dalip wrote: »

Yes i thought so too bat. Just been trying to check the value of the car on the parkers guide but you have to pay:eek: .

So if anybody out there subscribes to parkers......:D please could you do me a favour.lol

Should be able to do a free one at parkers based on average mileage, only pay if you want to but in current mileage.

dalip

Cheers J will give it another try.


Go any info on what CCC's said about the car thing. Got me thinking as i know another poster who is thinking of doing a DRO was advised to transfer the car into their partners name,so maybe the rules HAVE changed:rolleyes:

JCS1

Just checked the Q&A on the website, doesn't mention vehicles, just that gross assets can't be more than £300:

http://www.insolvency.gov.uk/insolvencyprofessionandlegislation/DebtRelief.htm

There's some info in the draft rules, mainly section 4a.12, am assuming the prescribed amount is the £300 asset, but it's not that clear

Particular descriptions of property to be excluded for the purpose of determining the value of a person’s property[FONT='Times New (W1)','serif'][/FONT]
4A.12.—(1) For the purposes of Rule 4A.11, the official receiver may disregard—
(a) subject to paragraph (2), a single domestic motor vehicle belonging to or vested in the debtor provided that—
(i) it has been especially adapted for use by him or her because he or she has a physical impairment that has a substantial and long-term adverse effect on his or her ability to carry out normal day-to-day activities; or
(ii) the maximum potential realisable value of the vehicle is less than the prescribed amount;

dalip

Tried and the free valuation is for cars from 2000,the daughters is 1999:rolleyes: ....bliddy typical.Dx

philnicandamy

have you tried here?

http://www.whatcar.com/valuations.aspx

dalip

Looks like CCC's were right then. That could put the cat amongst the pigeons for a lot of people.Dx

dalip

philnicandamy wrote: »

have you tried here?

http://www.whatcar.com/valuations.aspx

:A thanks phil. Valued at £990:eek: bit close for comfort.