Help starting business when I have a DRO

DavidLister

Last month I was approved for a debt relief order, and after reading through all the rules I noticed a few things which could potentially ruin my plans for starting a business.

According to the letter I received it says I'm not allowed to do business in any name other than the one on the DRO, I must get permission from a court before starting a business and inform anyone I do business with that I'm the subject of a DRO.

Does this apply to ALL debt relief orders, or just those who have got into debt through their business? (mine was personal debt which built up thanks to 0 hour contract jobs).

I'm currently out of work and claiming ESA and have been for 2 years, but wanted to try starting a small web design business from home as I can't always leave the house due to my health so getting a job isn't really an option.

I was planning on just registering as a sole trader, as it seems the easiest option for starting off then register as a LTD company in a year or so if everything works out.

The problem is, I would like to use a name for my business other than my real name and am concerned that if I tell any prospective clients that I'm the subject of a DRO it may put them off.

I have no problem using my real name in any correspondence with clients, but don't wish to name my business after myself. Also, how likely is it that the court will approve me, and how do I go about asking them?

Has anyone got any experience with this or have any advice for me?

Aquamania

Pop over to the IVA&DRO board, they will probably be better placed to help you.

http://forums.moneysavingexpert.com/forumdisplay.php?f=159

MissyC81

DavidLister wrote: »

Last month I was approved for a debt relief order, and after reading through all the rules I noticed a few things which could potentially ruin my plans for starting a business.

According to the letter I received it says I'm not allowed to do business in any name other than the one on the DRO, I must get permission from a court before starting a business and inform anyone I do business with that I'm the subject of a DRO.

Does this apply to ALL debt relief orders, or just those who have got into debt through their business? (mine was personal debt which built up thanks to 0 hour contract jobs).

I'm currently out of work and claiming ESA and have been for 2 years, but wanted to try starting a small web design business from home as I can't always leave the house due to my health so getting a job isn't really an option.

I was planning on just registering as a sole trader, as it seems the easiest option for starting off then register as a LTD company in a year or so if everything works out.

The problem is, I would like to use a name for my business other than my real name and am concerned that if I tell any prospective clients that I'm the subject of a DRO it may put them off.

I have no problem using my real name in any correspondence with clients, but don't wish to name my business after myself. Also, how likely is it that the court will approve me, and how do I go about asking them?

Has anyone got any experience with this or have any advice for me?

How did it go David? I realise this thread is almost a year old and I’m now in the same situation. How did you go about asking the courts? My business would also be from home, just buying and selling online. Thanks, Catherine

tinkerella

MissyC81 wrote: »

How did it go David? I realise this thread is almost a year old and I’m now in the same situation. How did you go about asking the courts? My business would also be from home, just buying and selling online. Thanks, Catherine

Welcome to the forum.

You might want to check out the reply the OP received in the other thread he started on the board indicated above.
The OP has not returned to MSE since.

If you need need court permission, you will need to apply to the court. If you don't know how to do that, contact the court. Court staff are very knowlegible on court processes and generally very helpful in explaining them to those who enquire, but do not provide legal advice such as the appropriateness of making such an application, nor indeed the likelihood of a positive result.