If income increases after DRO

fostertom

With DRO, IPA's not part of the scheme because there's no disposable income at the time of the DRO.

I hope my income (self employed) will recover. I don't expect it to recover such that I can repay my credit cards during my remaining working life, so I'll still need, and be grateful, to be let off that by DRO, bankruptcy or maybe IVA.

So what happens if income (self employed) recovers, and I have to report that to the OR? Does the DRO then get cancelled, leaving me completely unprotected? If so, wd bankruptcy + IPA be the better option, for someone who does hope to increase his income?

I read that, unlike bankruptcy, "The OR will not routinely investigate the affairs of debtors subject to a DRO .... but equally, investigation may be arbitrary".

debt_doctor

If you expect your surplus to raise above £50 pm within the DRO year then this is not a suitable debt remedy for you (bearing in mind any increased expences within the year)

DD