DRO, but what about my car?

FraudBuster

vax2002 wrote: »

You have a right to silence.

A very quick way to lose £90.

whitelabel

i think he was mis quoting the phrase

you do not have to say anything, but anything you do say....

wba31

whitelabel wrote: »

i think he was mis quoting the phrase

you do not have to say anything, but anything you do say....

no, you do have to say. These DRO's are not some joke, not some administration process that helps people out, it's a legal form of insolvency, failure to be 100% honest in this can result in prosecution. They've been made simple so that they are more accessible for people who need them, and cheaper for the Insolvency Service, not so that people can just choose to disclose assets like cars.
It may well be that the OP cannot apply because of the car value, but that's just how it is. The rules are black and white, because as soon as you start bringing in shades of grey it just gets too complicated again.
The OP is aware of the rules, and has also been made aware that her car may not be worth more than £1000 in the real world, so has been advised of an acceptable way to prove otherwise for the DRO, to suggest not disclosing the vehicle is just wrong...

whitelabel

wba31 wrote: »

no, you do have to say. These DRO's are not some joke, not some administration process that helps people out, it's a legal form of insolvency, failure to be 100% honest in this can result in prosecution. They've been made simple so that they are more accessible for people who need them, and cheaper for the Insolvency Service, not so that people can just choose to disclose assets like cars.
It may well be that the OP cannot apply because of the car value, but that's just how it is. The rules are black and white, because as soon as you start bringing in shades of grey it just gets too complicated again.
The OP is aware of the rules, and has also been made aware that her car may not be worth more than £1000 in the real world, so has been advised of an acceptable way to prove otherwise for the DRO, to suggest not disclosing the vehicle is just wrong...

i agree you do have to say

the ohrase quoted was from PACE ie the official police caution etc
ie if you dont tell them, you may face legal action

mummato4_2

hi, my only quote from parkers under 1000 was 'private poor' 895.00. my car needs a bit of work so can i go for my dro even tho others were over, if that makes sence...... sorry to be dumb x

debt_doctor

mummato4 wrote: »

hi, my only quote from parkers under 1000 was 'private poor' 895.00. my car needs a bit of work so can i go for my dro even tho others were over, if that makes sence...... sorry to be dumb x

Hi,
you seem to have latched on to an old thread, so in isolation from that thread I would be happy that private poor is the correct valuation from what you say. Parkers is the default method of car valuation for DROs.
If your car is too old to get a free valuation on parkers then the guidance says that an intermediary should accept the debtors valuation of a vehicle. I think older than 2003 are not available as free valuations.

DD