Debt, DROs and what to do now

fatbelly

If you're saying the DRO either completed or failed in Sept 2017 it should still be on the register as it stays there for 3 months. It's a separate register for NI

https://insolvency.economy-ni.gov.uk/InsolvencyPublic/CMSWizardManager.aspx


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Smoke

fatbelly wrote: »

If you're saying the DRO either completed or failed in Sept 2017 it should still be on the register as it stays there for 3 months. It's a separate register for NI

https://insolvency.economy-ni.gov.uk/InsolvencyPublic/CMSWizardManager.aspx


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Thanks

It says "Current Status: Debt Relief Order. Moratorium period ended on (Sept)"

Not sure what that means? But I've just got my Wescot letter (after the calls) and it seems (by the value) that it might be related to the joint account they told me I couldn't take the name off of. Tbh if everything else is "gone" and I just have to sort this account out I'd be elated

StopIt

Smoke wrote: »

Thanks

It says "Current Status: Debt Relief Order. Moratorium period ended on (Sept)"

Not sure what that means? But I've just got my Wescot letter (after the calls) and it seems (by the value) that it might be related to the joint account they told me I couldn't take the name off of. Tbh if everything else is "gone" and I just have to sort this account out I'd be elated

That looks like it means it has went through and all debts related to it are gone.


I'd still be pursuing this debt as it should have been included in the DRO, but you'll need legal advice on the matter.

Smoke

Thank you guys so much, I really appreciate it. I can start rebuilding now, but I will look into it StopIt, thank you again

fatbelly

Smoke wrote: »

2 yrs ago we became homeless, lived with my mum then last year I lost my Job in Feb, by Sept I had a DRO in place. But because I started working again in June the debt collectors have started contacting me again, namely Wescot.
On my credit file I have 2 outstanding overdrafts which I think I can cover eventually, the banks seem to have frozen them due to DRO but I guess they could resume interest again now.

You seem confused by what a DRO is. Your intermediary (CAP) should have explained this. It is an insolvency process like bankruptcy but a cut-down version for those who meet the relevant criteria.

You are required to list all your debts and all (except excluded debts) are frozen for 12 months under a 'morotorium' then written off. Excluded debts are things like criminal fines and student loans, not ordinary credit debts.

Smoke wrote: »

Thanks

It says "Current Status: Debt Relief Order. Moratorium period ended on (Sept)"

Not sure what that means?

It means your DRO completed and your debts are now written off.

You need to check the letter you were sent at the start of the process. If you no longer have it I believe you can request it again from:

Department for the Economy
Netherleigh
Massey Avenue
Belfast
BT4 2JP

Telephone: 028 9052 9900

If the debt you are concerned about is listed your liability for it is now gone and you must not make payment to it. It is true that if it was a joint debt, the other party is now liable.

If it was not listed in your DRO, yet you told your intermediary about it, then that organisation (CAP in this case) will be insured against their negligence and you can claim against them. Without going into details I have known this happen.

However if you did not declare it and it would have taken you over the 20k limit, the result could be different - post again if that is the case.