DRO ended today...

edited 30 November -1 at 1:00AM in IVA & DRO
8 replies 1.6K views
SjtylerSjtyler Forumite
14 Posts
edited 30 November -1 at 1:00AM in IVA & DRO
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

Replies

  • fatbellyfatbelly Forumite
    16.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    ✭✭✭✭✭
    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.
  • sourcratessourcrates Forumite, Board Guide
    23.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    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.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File and Ratings, Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to:
    [email protected].
    Any views expressed are mine and not the official line of MoneySavingExpert.com.
    "I don`t trust Bankers, I don`t trust Banks, and I don`t trust you.........Private Frazer".
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
  • keepcalmandstayoutofdebtkeepcalmandstayoutofdebt Forumite
    4.7K Posts
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    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.

    Re Joined Slimming Word in group 02/06/21   ..   Want to lose every week! 6 lbs gone to date


  • sourcratessourcrates Forumite, Board Guide
    23.6K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    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.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File and Ratings, Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to:
    [email protected].
    Any views expressed are mine and not the official line of MoneySavingExpert.com.
    "I don`t trust Bankers, I don`t trust Banks, and I don`t trust you.........Private Frazer".
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
  • 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
  • fatbellyfatbelly Forumite
    16.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    ✭✭✭✭✭
    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
  • edited 14 December 2019 at 10:14PM
    ToxtethO'GradyToxtethO'Grady Forumite
    288 Posts
    100 Posts Third Anniversary
    ✭✭
    edited 14 December 2019 at 10:14PM
    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.
  • Thank you, it was the ‘currently subject to’ part that threw me. Still saying the same today so guess just badly worded?
This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals