DRO and Assets

tnicholas_uk

Hello.  If intending to apply for a DRO I know that you can't have assets over 2K, but for example, say if you had savings over 2K a few months earlier but used them to pay someone money you owed, or for whatever purpose (but not towards the debt), would whoever is managing the DRO know this? How far do they look back into your finances at the point you apply? Do they go through them with a fine toothed comb? I just wondered what the checking process is in terms of assets and how far it goes back.  Many Thanks!

fatbelly

They can check whatever they want to. In practice not much checking is done.

However, paying someone you owed money to ahead of a DRO application (I think the relevant question asks if you have done this in the past two years) would be regarded as a 'preference'

https://www.gov.uk/guidance/debt-relief-orders-guidance-for-debt-advisers#preference