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Debt relief order- preferential payment concern
Hi All
Your advice would be greatly appreciated.
I want to hopefully apply for DRO end of October have some things to get sorted first. I have applied for my name to be removed from the joint accounts with my husband. ( only his money is in there. I have my own accounts. I just managed family/kids payment so it's easier for me to get his share of contributions. But I don't want his credit wrecked like me. Apparently it takes 1 week ...)
Can't afford for anything else to go wrong. I worry about preferential payment rejection. I have just been juggling debts and robbing Peter to pay Paul for the last couple of years. I have been doing token payments but the lady at the debt charity told me to pay off small debt. My family paid them for me. But the more I read the more I get worried. Is her advice going to work against me?
What documents will I need to provide for DRO application. I want to start preparing now.
Thank you.
Your advice would be greatly appreciated.
I want to hopefully apply for DRO end of October have some things to get sorted first. I have applied for my name to be removed from the joint accounts with my husband. ( only his money is in there. I have my own accounts. I just managed family/kids payment so it's easier for me to get his share of contributions. But I don't want his credit wrecked like me. Apparently it takes 1 week ...)
Can't afford for anything else to go wrong. I worry about preferential payment rejection. I have just been juggling debts and robbing Peter to pay Paul for the last couple of years. I have been doing token payments but the lady at the debt charity told me to pay off small debt. My family paid them for me. But the more I read the more I get worried. Is her advice going to work against me?
What documents will I need to provide for DRO application. I want to start preparing now.
Thank you.
0
Comments
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I doubt what you say will be an issue, your DRO intermediary will not submit an application unless they are sure it will be accepted.
From memory its bank statements/last 3 payslips/and an up to date figure on each debt you owe.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-letter0 -
Okay. How many months bank statements ? She works with the person who will submit DRO.
I have my own accounts for over a year. Any of my income go there for over a year. Do I only give my account.
my name is off the joint accounts, the recent one in October would only be in my husband's name. Do I give that?
Thanks0 -
Your intermediary will explain what is required of you, my DRO was in 2017 and things have changed since then.
Best to stick to just the one thread, fatbelly gives good advice in your other post.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-letter0
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