DRO LIMIT INCREASE???

Ivabr89

They are, I moved house so a small one old house, and now want full year this house. 

danjackson2021

So is it confirmed now all those proposed changes and DRO limit increase?

fatbelly

It's slightly different from what was originally pproposed

• the value of assets allowed to be owned by the debtor from £1,000 to £2,000 as proposed in the consultation;

 

• the value of a single motor vehicle that can be disregarded from the total value of assets from £1,000 to £2,000;

 

• the level of surplus income received by the debtor before payments should be made to creditors from £50 to £75 per month and

 

• the total debt allowable for a DRO from £20,000 to £30,000 as proposed in the consultation. 

 
The changes came into force on 29 June,