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DRO LIMIT INCREASE???

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Ivabr89 Posts: 48 Forumite

14 June 2021 at 8:57PM edited 18 June 2021 at 12:58PM

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

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danjackson2021 Posts: 278 Forumite

15 July 2021 at 6:24AM

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

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fatbelly Posts: 22,890 Forumite

15 July 2021 at 9:53AM
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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