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DRO - is this a preferential payment? + other questions.
Comments
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You are allowed assets of up to £2000 in a DRO.
No one goes looking at your bank account with a fine tooth comb, £90 does not buy much insolvency service time.
If you meet the DRO criteria, you are in, nothing else matters except the specific requirements, that is all they look at..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-letter1 -
In a DRO you are allowed up to £2000 of assets. This figure would include any positive balance in your current account. So provided you don't have more than £1500 of other listable assets (one vehicle can count separately) this should be OK in a DRO0
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