Time limist to set DCO 7 August 2020 at 3:29PM in Bankruptcy & living with it 3 replies 83 views

stressedguy85

Hi all,

I'm not sure if anyone can help, but I just got a letter from my OR saying that they are proposing to wavie the time limit to set a Debtor Contribution Order (DCO) as I was not interviewed in the specified time period. I wasn't aware there was a time period and I had an interview a week after they requested one, so I'm not sure what this is about.

I'm not sure exactly what this means, but if I get discharged and later on my salary increases does that mean the OR can set a DCO for me? I through that if a DCO wasn't set by the time I was discharged then they couldn't do it after I was discharged.

Not sure if anyone knows the answer to this one, but if you do, thanks in advance.

sourcrates

In England & Wales, once your discharged, thats it, an IPA (income payment arrangement) cannot be added.

Under sequestration i`m not sure if the rules are the same, a DCO is the Scottish equivilant of an IPA, I cannot find any information relating to timeframes, try National Debtline Scotland for advice.

stressedguy85

Thanks for your response. I am in Scotland so I'm not sure if its the same in England and Scotland.

sourcrates

It could well be, but ND Scotland should be able to tell you.