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Considering a DRO, but waiting for court case to conclude
MrHeisenberg
Posts: 208 Forumite
in IVA & DRO
Dear all,
I have around 13K in debt. I also have a County Court case which I have brought, which may or may not result in an adverse Costs Order against me, particularly if I lose or my claim gets struck-out.
I take it there is no issue with including any adverse Costs Order in the DRO, as they do not appear to be an excluded debt? Is this correct assuming my overall debt will be lower than 20K?
https://www.nationaldebtline.org/EW/factsheets/Pages/debtrelieforders/droadvice.aspx
I also understand that bailiffs can't enter my home due to my vulnerable health status:
https://www.citizensadvice.org.uk/debt-and-money/action-your-creditor-can-take/bailiffs/how-bailiffs-should-treat-you/how-bailiffs-should-treat-you-if-youre-vulnerable/
Also, I bank with HSBC. Does anyone know if they are likely to freeze my bank account, and, if so, which bank is likely going to be able to open an account for me in these circumstances?
Sincere thanks.
I have around 13K in debt. I also have a County Court case which I have brought, which may or may not result in an adverse Costs Order against me, particularly if I lose or my claim gets struck-out.
I take it there is no issue with including any adverse Costs Order in the DRO, as they do not appear to be an excluded debt? Is this correct assuming my overall debt will be lower than 20K?
https://www.nationaldebtline.org/EW/factsheets/Pages/debtrelieforders/droadvice.aspx
I also understand that bailiffs can't enter my home due to my vulnerable health status:
https://www.citizensadvice.org.uk/debt-and-money/action-your-creditor-can-take/bailiffs/how-bailiffs-should-treat-you/how-bailiffs-should-treat-you-if-youre-vulnerable/
Also, I bank with HSBC. Does anyone know if they are likely to freeze my bank account, and, if so, which bank is likely going to be able to open an account for me in these circumstances?
Sincere thanks.
0
Comments
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If you have an overdraft, it will be one of the debts in your DRO. If that is the case, then I think you will need to get a new Basic bank account. I recommend the Nationwide FlexBasic, as Nationwide is independent of all the large banking groups.MrHeisenberg wrote: »Also, I bank with HSBC. Does anyone know if they are likely to freeze my bank account, and, if so, which bank is likely going to be able to open an account for me in these circumstances?I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Willing2Learn wrote: »If you have an overdraft, it will be one of the debts in your DRO. If that is the case, then I think you will need to get a new Basic bank account. I recommend the Nationwide FlexBasic, as Nationwide is independent of all the large banking groups.
Sincere thanks.
I have no overdraft due to my poor credit record (all the debts which I think I need a DRO for). With that in mind, will it be spared a freeze?0 -
Your bank account is not frozen in a DRO, that only happens with bankruptcy.
If you have no debt with your current bank, then you can continue using it as normal.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Your bank account is not frozen in a DRO, that only happens with bankruptcy.
If you have no debt with your current bank, then you can continue using it as normal.
That's excellent news! Thank you so much.0
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