Dro or dmp?

falko89

CCCS said these were my 2 options, I picked DMP at the moment while I receive contribution based JSA but after that if I haven't found a job a DRO will be my only option. My question is bankruptcy has a stigma attached to it, its publish in the local papers etc, is the same true with a DRO? Or should I even forget about the DMP and just go for a DRO from the start?

fatbelly

Fortunately you gave some more info on this thread

https://forums.moneysavingexpert.com/discussion/3721583

With a total income of £167 per week for two of you, any dmp is going to take a long time to clear 16k of debt.

In a DRO you really need to be fairly stable over a 12-month period. It sounds like your partner's situation is stable but I'm not sure how the 16k splits. For you it depends on how likely you are to get a job and how much that might pay.

Neither bankruptcies nor DROs appear routinely in the press these days. However, they are visible on the IS website.