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DRO LIMIT INCREASE???
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They are, I moved house so a small one old house, and now want full year this house.0
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So is it confirmed now all those proposed changes and DRO limit increase?0
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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,
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