DRO ended today...

Sjtyler

So it has been a year since my DRO was approved. Does anything happen now? Do they want updated budgets/bank statements - nothings changed that I haven’t informed them about. Can they look at my accounts to check? (Had a couple of payments from kids Dad towards school trips etc).

I see people talk about 15 months or waiting 3 months after it has ended? What’s this for?

Can it ever be reversed now the 12 months is up? Do they go around checking on the ones that have ended? Sorry I’m a really anxious person and have been counting the days... just still not sure if I can really relax about it.

Many thanks x

fatbelly

Well done. You should check your entry on the insolvency register - it should now show that the moratorium has ended.

It is worth keeping a copy as that is the only proof you get. The entry stays there or 3 months then goes.

No-one does any checking. The Insolvency Service retains the right to do anything of course. But to them you're just one tiny statistic. You can get on with your life now.

sourcrates

Hi,

Lots of people think they are closley scrutinized by the insolvency service, during and after a DRO, it simply is not the case, they have neither the staff, nor the time to operate in such a way, your DRO has ended, so thats it, its over, keep a copy of your paperwork, as you may need it as some creditors can try it on for a while afterwards, if that happens, ask again on here for advice, otherwise, congratulations on completing it.

[Deleted User]

For me it was the full 15 months and then penultimately 6 years later when it finally once and for all fell from the credit file the week leading up to the 6th year. Since the 6th year I've not wanted to talk about it much or acknowledge it, like it's got harder to want to remember. Though I like to keep the saying today close you can have everything and tomorrow nothing it keeps me even.

At nearly 8 years on it was only recently when I went to fill in a job application, I thought the days of declaring it are over. How long does a person really have to live with it And I confess I very stubbornly ticked no to the financial declaration going against things I'd absolutely previously believed in when I saw the interviewers face fall in 6 months before the end of 6 years (didn't really have anything to lose with the job situation this time round and it turned out the orginal interviewer had moved on anyway)

But then a programme was on the other day when someone said to a debt charity you've made someone practically bankrupt with a debt relief order and they didn't really answer and which was quite a fail, so I understand why you ask.

sourcrates

Deleted%20User wrote: »

For me it was the full 15 months and then penultimately 6 years later when it finally once and for all fell from the credit file the week leading up to the 6th year. Since the 6th year I've not wanted to talk about it much or acknowledge it, like it's got harder to want to remember. Though I like to keep the saying today close you can have everything and tomorrow nothing it keeps me even.

At nearly 8 years on it was only recently when I went to fill in a job application, I thought the days of declaring it are over. How long does a person really have to live with it And I confess I very stubbornly ticked no to the financial declaration going against things I'd absolutely previously believed in when I saw the interviewers face fall in 6 months before the end of 6 years (didn't really have anything to lose with the job situation this time round and it turned out the orginal interviewer had moved on anyway)

But then a programme was on the other day when someone said to a debt charity you've made someone practically bankrupt with a debt relief order and they didn't really answer and which was quite a fail, so I understand why you ask.

Can’t have it both ways, unmanageable debt verses potential limited access to jobs, you need to choose which will cause you the most grief, usually it’s the debt.

Debt advice agencies can only advise on debt solutions, the impact that solution may or may not have on you, is something you must feel is worth a chance you must take in order to be debt free.

Sjtyler

I’ve checked and the status at the moment says:

Currently Subject To Debt Relief Order : Moratorium Period ended on 12 December 2019

Will this change?
Thank you

fatbelly

Sjtyler wrote: »

I’ve checked and the status at the moment says:

Currently Subject To Debt Relief Order : Moratorium Period ended on 12 December 2019

Will this change?
Thank you

No that's it. The wording is a bit clumsy but it means your DRO has completed

ToxtethO'Grady

Just to cover what fatbelly and sourcrates have said, it's done now and it will show on the insolvency register until 12/03/2020 then drop off. Keep that record though and your list of debts that were included, you can ask the intermediary who did it for a copy.


It's really important, as you may be contacted by debt collection agencies after a while, with that list of included debts you can prove the debt is written off.

Technically the Insolvency Service ca n revoke (cancel) a DRO, after it's ended, but this has NEVER happened and DRO's have been around since April 2009. They've usually been cancelled during the DRO.


You should declare a DRO on a job application if they ask if you have been subject to insolvency, if they ask for bankruptcy, it is legal to state you've never been bankrupt as a DRO is not bankruptcy.


I'd suggest checking the sticky on the Bankruptcy and living with it thread about cleaning up your credit file. Same rule applies for DRO's as bankruptcy on your credit file.

Sjtyler

Thank you, it was the ‘currently subject to’ part that threw me. Still saying the same today so guess just badly worded?