We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Dro after being bankrupt.
Hi guys,
I'm new here so please be gentle with me :embarasse
I was made bankrupt in 2006, discharged 2007 after my partner left me in a terrible financial mess.
For the past 12 months or so I've been struggling with payday loans, povident etc. All my own stupid fault this time.
I've sought advice from the CAB, and I've been informed that a DRO could be my best option. But I'm wondering if I'll be able to have a DRO after having being made bankrupt years ago.
I'm so confused so any info or feedback will be very much appreciated
I'm new here so please be gentle with me :embarasse
I was made bankrupt in 2006, discharged 2007 after my partner left me in a terrible financial mess.
For the past 12 months or so I've been struggling with payday loans, povident etc. All my own stupid fault this time.
I've sought advice from the CAB, and I've been informed that a DRO could be my best option. But I'm wondering if I'll be able to have a DRO after having being made bankrupt years ago.
I'm so confused so any info or feedback will be very much appreciated

0
Comments
-
A previous bankruptcy will not stop you having a DRO.
It is only a DRO itself in the past 6 years that will do that. A BR is fine.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Thank you so much for the speedy reply. That is such a relief, as although not ideal I feel it probably is my best option. My overall debt is low and my income is low.
Thanks again0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.2K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards