Possible DRO - Complications with inheritance?

DreamingBig

Hi Everyone



I was just looking for some general advice.



Me: £14,550 in debt – used to use PayPlan but stopped making payments in 2009 when I lost my job and ended up in various temp jobs (nothing stable) and letters go to my parents address.

Currently have another £16,000 debt with my partner (in hisname). I know, I know. These debts are paid monthly and up to date. The problem here is his work (and mine as I temp) is unstable so just ‘our’ debts alone, we struggle to manage.



I have always been looking into getting a DRO or going bankrupt for my debt as it was made before I got with my partner. I do not want him involved in sorting my debts. I have just completed some basic info for CAB in order to get an appointment.



My ‘problem’ is that my parents will soon be able to pay off mine and my partner’s debt. The reason we are doing this instead of paying mine is that mine has been dragging for years…it is an emotional stress but is almost forgotten day by day as I’m working to keep ‘our’ house and bills going.



If I get a DRO or go bankrupt I’m prepared for what goes along with this…..I earn a small wage and may end up with no work soon.

However – mine and my partners debts are up to date – but we struggle (£700 short most months if he hasn’t worked) and if he was to go bankrupt,when he does earn they will take a lot! And like I said, no payments have been missed.



But morally tho (weird I know) is it wrong to know I’ll becoming in to some money and deciding to pay ‘our’ debts, not mine?



We only have enough money to pay one lot – and making ‘our’debts vanish will sort us out completely. It’s not like I’m trying to go bankrupt/DRO my debts then live it upwith £££. It’ll still be paying debt.



Thanks for any advice!

coinxoperated

In regards to the DRO - If you come into a 'sum' of money (I don't think that specify how much but I may be wrong!...) you would need to inform the OR of this and its likely they will revoke the DRO. Not good.

Also I don't think you understand all the in's and out's of DRO's.

You should have less that £50 left each month after living costs, NOT debt repayments.

So if Miss Jones Earns £1000 a month, and used £951 of that for living costs (such as food, rent/mortgage, petrol, council tax etc) then on the income/outgoing factor, she would qualify for a DRO.

If Miss Jones Earns £1000 a month, uses £750 of that for living costs, and then the left over £250 for Debt Payments, she would not qualify for a DRO.

Now, dependent on how much your OH earns, the expenditures you have between you and how you split it will depend on your eligibility for a DRO.

I would definately suggest you talk to CCCS or CAB about which option is viable.

A DRO or Bankruptcy is not an 'easy option' and I would think long and hard before you go ahead and make sure you have all the facts!

Thanks

DreamingBig

Hi

Sorry, I earn £1000 a month and our utility bills, rent etc come to over that without 'our' debts.

coinxoperated

Ok, could you complete an SOA?

A DRO isn't done on couples together it's individual, so you need to work out -

All utilities split % wise against income. For example, if you earn £1000 and your partner earns £500, you would pay 75% of the bill and he would pay 25% (I think? I'm awful with Maths lol)

You need to do YOUR incomings and outgoings. If you have a joint loan/credit card/debt and you put it in a DRO, they'll go after the other person for settlement.


You state 'our outgoings are over £1000' but the DRO application doesn't care about 'our' outgoings, just the individuals!
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