Debt Relief Order

Mr_E_3

I made a post on Sunday mentioning the irony of the fact that I'd just gone BR and was about to go through the process again in assisting a friend who has psychiatric problems. I requested the post be deleted as I believed it might be miscontrued and I didn't really want to go into his problems.

Anyways, last november, he was advised by CAB and others to go BR for the "small" sum of £7500. I didn't really think this was the right path for him, but if that was what he was advised, so be it (he was adamant anyway; wanted it out of the way). I'd been reading up on DRO's over the weekend as an alternative.

I booked a court date yesterday for his BR. The earliest they could do was mid April (12 weeks away and the guys a nervous reck). I was going to subsequently chase cancellations for him.

I went along to CAB with him this morning and both the CAB lady and my self more less in unison brought up the DRO path. What was said:

• The CAB people in our area have not yet been trained up on DRO's, so they don't yet know the full ins and outs.
• DRO's come into play Monday 6'th April.
• It costs £90.
• No court appearance necessary.
• OR will be involved, though not sure if this will require an interview.
• CAB can kick off a DRO on the spot, on or after 6'th April.
• Same rules apply as a BR, though the credit reference file will highlight a DRO rather than a BR.
• My friends DLA should not be included as income on a BR SOA, though they don't yet know if it should be listed for a DRO?

We're going back for another CAB meeting end of March (we may not even have to attend a subsequent DRO meeting as CAB will have all details, and may be able to kick it off in his abstence).

So, we're leaving the BR path open, I'm not chasing court cancellations, and we're hoping we can get a DRO instead (earlier than the proposed mid April BR date - which we'll then cancel).

Just letting you know ...

Mr E.

startagain_2

Great news MrE - I am sure it will all get sorted for him whichever route he/you decide to take.
There is a little update from the CAB on the Debt Relief Order thread saying it is all systems go for April.
I am sure it will be a good thing for many people.
Have a good afternoon.

SA

Mr_E_3

Totally missed that thread... I must be going blind(er) ...
Cheers Startagain.