Dro statistics

debt_doctor

Hi all, just thought I would share this info with you following a FOI request to the IS from Citizens Advice specialist support.............

For the period April 6th 2009 - 31st Dec 2009.

148 DRO 's declined with ....

124 exceeded 15k debts not included in application.
7 exceeded 15k within the application.
4 current undischarged bankrupts.
4 transactions at undervalue.
3 prefferential crediting.
2 no response to IS enquiries.
2 £50 diss income exceeded.
1 unsatisfied residency.
1 currently under IVA / FTIVA.


253 objections received ;
additional liabilities (amount owing to individual creditor understated)
Inclusion of rent arrears (provable, but still objected to)


58 DRO's revoked including;
24 discovered excess liabilities.
21 exceeded assets.
3 excess dis income.
2 prefferences.
1 trans at undervalue.
1 discovered property owner.


18 DRO's revoked upon creditor objection;
11 excess liabilities.
4 excess assets.
1 property owner.
1 excess dis income.
1 obtaining credit with no reasonable prospect of repayment.

So, what do we make of that lot then ???

DD

elfieb

debt_doctor wrote: »

1 obtaining credit with no reasonable prospect of repayment.

Wonder how they worked that one out......perhaps taking additional credit too close to actually submitting a DRO?
Interesting how they opted for revokation of DRO instead of a DRRU.

debt_doctor

elfieb wrote: »

Interesting how they opted for revokation of DRO instead of a DRRU.

Yes, that's a very interesting point.

DD

debtinfo

thats interesting debt doctor,

I think the overall picture is good with the vast majority going through, and it shows that if you fit the criteria and follow the process properly then you shouldnt have to much trouble

only 18 revoked from 253 objections shows that the OR is showing due diligence to weed out the creditors objecting out of spite rather than for a lawful reason

debtinfo

what would be an interesting statistic would be how many are revoked because the debtors income increases during the year.

on the revoke versus DRO question, my guess would be that for £90 it is easier and cheaper to revoke it rather than spend the resources on a long investigation. If they then choose bankruptcy there are more resources available.

debt_doctor

debtinfo wrote: »

thats interesting debt doctor,

I think the overall picture is good with the vast majority going through, and it shows that if you fit the criteria and follow the process properly then you shouldnt have to much trouble

only 18 revoked from 253 objections shows that the OR is showing due diligence to weed out the creditors objecting out of spite rather than for a lawful reason

I agree, does seem very encouraging in that respect.

Also, some glaring errors by intermediaries unless debtor insisted on the application against advice. (an intermediary CANNOT refuse to process the application if the debtor insists) but presses the "I do not agree with this application" button.

DD

elfieb

debtinfo wrote: »

what would be an interesting statistic would be how many are revoked because the debtors income increases during the year.

QUOTE]

How do the IS police the issue of surplus income over the year?
Do they soley rely on the honesty of the person under the jurastriction of the DRO?

debtinfo

Thats a good questions as well

xLCWx

Hi, not sure im in the right forum for this, im new! so excuse me if this is a silly question! I have a court hearing for BR on wed next week (21st april) and i am just wondering what will be made of my income/expenditure list,there is my husband and i,and an 8 month old son with one on the way,again! could i post the list, would be grateful of some help?

immoral_angeluk

Interesting how many were revoked due to the 15k being exceeding. I'd imagine that was the main contributory factor in making experian reports essential pre-DRO.

xLCWx

MONTHLY INCOME ; STATUTORY MATERNITY PAY- £480.24
BASIC WAGE - £1098.00 (partner)
CHILD BENEFIT - £80.00
TAX CREDIT - £90.00
TOTAL INCOME - £1748.24
MONTHLY OUTGOINGS;
MORTGAGE - £646.06
GAS - £30.00
ELECTRIC - £35.00
COUNCIL TAX - £115.00
WATER - £33.00
TV LICENCE - £12.00
GROCERIES - £400.00
BABY MILK/NAPPIES - £65.00
HOUSE PHONE, INTERNET AND TWO MOBILES - £140.00
PETROL - £190.00
CAR INSURANCE - £75.00
CAR TAX - £17.00
MOT/SERVICE - £15.00
HAIRDRESSING - £20.00
CLOTHING - £50.00
DRY CLEANING - £10.00
PET FOOD(2 DOGS) - £30.00
PRESCRIPTIONS - £28.00
XMAS SAVING - £30.00
DENTIST - £15.00
HOLIDAY SAVING/EMERGENCY FUND - £50.00
PET INSURANCE/vet bills - £26.00
WINDOW CLEANER - £9.00
WASHING MACHINE INSURANCE - £5.50
SKY TV - £24.00
LIFE INSURANCE (2 POLICIES) - £43.00
TOTAL - £2113.56
INCOME £1748.24 -
EXPENSES £2113.56
= - £365.32.