Bankruptcy or DRO?

MoonRose77

Not sure which would be the best to go for - I have done the debtplan on CCCS website and it says DRO as there is less that £50 left over after all normal expenses are taken out - but I am sure there are a couple of debts which I haven't got up to date figures on which would take me very close to the 15k limit. My OH has a couple of debts and I did the plan for the two of us - but yes I still don't know what will be for the best.

We'd have to do this separetely I know but how do they work out the contribution side - all our money is from benefits primarily in OH's name, all I get is CB and CTC. What goes down where on the SOA?

So confused and so wishing I didn't have to do this but since OH's health problems have got more complicated the grocery budget has gone up and I know we can't keep paying the reduced payments any more. Who made life so complicated!

Godiva500

My debt was £14600 when i got mine - you just have to be careful to keep it under and apply quickly.For mine, we r both on pensions, I put down my full income and expenditure. These amounts are put under income at the top, and other income for OH. For my OH I put down his contribution to the household expenses - not his full income. He is expected to have debts or payments of his own, which won't come under your DRO. When these 2 figures are added together and the household expenses taken away, you have a surplus of less than £50 as you said.

HTH

MoonRose77

Thanks for the answer Godiva - it just didn't make sense to me how it worked out.

Who did you go with for your DRO? I want this to be over with asap - can't cope with it hanging over us for too long - I am way too much of a worrier and things get to me a lot.