End of moratium period

Yannerd87

Hi my first year of dro is finished this weekend and i cant tell you how relieved i am but what happens after??is there anything else i need to do??thanks.

fatbelly

Well done.

There's nothing you need to do but it is worth printing off the entry on the insolvency register next week as it will show that you completed your DRO, in case anyone wants to dispute that.

It's also worth getting copies of your credit reports to make sure all the default dates pre-date the DRO date.

sourcrates

Congratulations !!

You don't get any formal recognition of it ending, like in an IVA, your debts just get automaticly written off.

Just be aware some creditors sell these debts on sometimes, you need to be vigilant for a while.

Jr14

😱 what happens if they sell them on?

sourcrates

Jr14 wrote: »

😱 what happens if they sell them on?

The debt has been written off by the DRO, so you need to inform the new owner of the debt of this fact, also provide evidence of your DRO.

You won't be liable for the debt obviously.