preferring of creditors before DRO

fostertom

In the run-up to DRO, but before applying, which of these wd be regarded as 'dishonest' preferring of creditors?
- paying-in to reduce bank overdraft
- paying overdue biz invoices
- continuing repayment instalments to a private creditor (friend), while my credit cards know I've stopped paying them more than a token
- paying income tax/NI

Any tips?!

debt_doctor

In the run-up to DRO, but before applying, which of these wd be regarded as 'dishonest' preferring of creditors?
- paying-in to reduce bank overdraft maybe
- paying overdue biz invoices maybe
- continuing repayment instalments to a private creditor (friend), while my credit cards know I've stopped paying them more than a token probably
- paying income tax/NI no

Any tips?!

The guidance says that the preffered creditor would have had to have their position improved SUBSTANTIALLY.

DD

fostertom

Thank you - could you point me to that guidance source, as I haven't seen that said.

elfieb

fostertom wrote: »

Thank you - could you point me to that guidance source, as I haven't seen that said.

DD is an intermedary.....all his knowlege is "inside info".
He is the man in the know when it comes to DRO's :T