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    • fatbelly
    • By fatbelly 1st Jun 17, 9:44 PM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    I thought I would pop on this thread and say hello! As I have been lurking I have battled with debt on and off for several years clearing it - getting more - never learning my lesson! I am now at the stage of applying for a DRO, slightly disappointed in myself but really praying it will go through so I can have a fresh start.
    Originally posted by KatieShopstoomuch
    Keep us updated.
    • KatieShopstoomuch
    • By KatieShopstoomuch 2nd Jun 17, 5:58 PM
    • 488 Posts
    • 396 Thanks
    KatieShopstoomuch
    Can I ask - I have sent all the paperwork to stepchange - Will they contact me once they have checked it all or can I call them if I have questions about it?

    Thanks

    Winging life....

    • fatbelly
    • By fatbelly 3rd Jun 17, 9:27 AM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    Can I ask - I have sent all the paperwork to stepchange - Will they contact me once they have checked it all or can I call them if I have questions about it?

    Thanks
    Originally posted by KatieShopstoomuch
    Katie - it should be 'yes' to both questions. Any uncertainties - phone your intermediary and ask him/her.

    Still uncertain - ask on here.
    • Suec81
    • By Suec81 10th Jun 17, 4:10 PM
    • 8 Posts
    • 0 Thanks
    Suec81
    Hi everyone I was on here back in oct/Nov 2016 and got some great help and advise about entering a dro. So my dro was granted in Nov 2016 and it's been going great. Anyways last week I put in a claim for a delayed flight back in 2012. There was me,my partner and 3 kids. I received a call today saying I was entitled to £1800. Great I thought then it hit me about my dro! Where does that leave me? Although the £1800 is to be shared out between me and my family which makes about £360 each the cash is going into my bank account!. Does anyone know what I should Do?
    Last edited by Suec81; 10-06-2017 at 4:30 PM.
    • fatbelly
    • By fatbelly 10th Jun 17, 4:50 PM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    Hi everyone I was on here back in oct/Nov 2016 and got some great help and advise about entering a dro. So my dro was granted in Nov 2016 and it's been going great. Anyways last week I put in a claim for a delayed flight back in 2012. There was me,my partner and 3 kids. I received a call today saying I was entitled to £1800. Great I thought then it hit me about my dro! Where does that leave me? Although the £1800 is to be shared out between me and my family which makes about £360 each the cash is going into my bank account!. Does anyone know what I should Do?
    Originally posted by Suec81
    No one's going to analyse your bank account. You have not gone over the £1000 asset limit so you don't need to do anything.
    • Suec81
    • By Suec81 10th Jun 17, 4:59 PM
    • 8 Posts
    • 0 Thanks
    Suec81
    Thank you once again fatbelly!
    • Pattie94
    • By Pattie94 5th Jul 17, 12:56 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Hello, me and my partner will be applying for DRO. He had an road accident back in 2015 and he may be due personal injury money. However, it won't be for salary loss. It already took nearly 2 years, they only agreed to send all the documents to the court so we are not sure when he will be getting the payout. It will be between £1-£10k but likely no more than £5k. Will the payout affect his DRO? Thank you.
    • fatbelly
    • By fatbelly 5th Jul 17, 6:51 PM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    Hello, me and my partner will be applying for DRO. He had an road accident back in 2015 and he may be due personal injury money. However, it won't be for salary loss. It already took nearly 2 years, they only agreed to send all the documents to the court so we are not sure when he will be getting the payout. It will be between £1-£10k but likely no more than £5k. Will the payout affect his DRO? Thank you.
    Originally posted by Pattie94
    Here's the guidance

    Personal injury payments received during the moratorium period will be dealt with depending on the composition of the payments (special and general damages). If the compensation relates solely to general damages and is received during the moratorium period, this will not adversely affect the DRO so long as the funds are used only for living expenses and not converted into tangible assets. Should the funds be used to make a large purchase, rather than on living expenses, the OR will consider revocation should the collective value of the debtor’s assets exceed £1,000.
    • Pattie94
    • By Pattie94 5th Jul 17, 9:43 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Great, thank you. What if we just don't spend it?
    • fatbelly
    • By fatbelly 5th Jul 17, 10:37 PM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    Great, thank you. What if we just don't spend it?
    Originally posted by Pattie94
    As long as it's just a general damages payment, should be fine.
    • Pattie94
    • By Pattie94 9th Jul 17, 12:06 AM
    • 25 Posts
    • 3 Thanks
    Pattie94
    What happens if we paid for the car insurance upfront for the whole year and once the renewal comes(while on DRO) we would like to pay monthly? Thank you.
    • fatbelly
    • By fatbelly 9th Jul 17, 6:36 AM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    Not a problem. A monthly figure for car insurance will be in the DRO application so it's already accounted for. Equally if you have enough to pay in one lump and avoid interest charges, that's fine too.
    • Pattie94
    • By Pattie94 9th Jul 17, 11:15 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Sorry for bothering you further.
    I had gone through the whole topic !!!128563; And as I can see, personal injury payout used to be classed as an assest, has anything changed now? I am really worried that it may revoke the dro.
    • fatbelly
    • By fatbelly 9th Jul 17, 11:32 PM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    The latest guidance phrases it differently to my previous post but the effect is the same

    Personal injury claims not payable before the DRO is approved and relating solely to general damages are not treated as assets. They, therefore, do not need to be disclosed in the application but if the award is subsequently used to make a large purchase during the moratorium period, rather than on living expenses, the DRO may be revoked on the basis that the applicant!!!8217;s assets exceed £1,000.
    An award made before the DRO is approved is treated as an asset. You are asking about one received during the moratorium.
    • Pattie94
    • By Pattie94 10th Jul 17, 2:27 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Yes it is going to be received during or after the moratorium period, we don't know when as already its been 2 years.
    • Pattie94
    • By Pattie94 10th Jul 17, 4:42 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    I just spoke to my bank Nationwide and apprently they will freeze my account once I have DRO even though I have no debts with them :/ but probably because it is flexplus account and I pay £10 a month. Do you think I should switch my account now before DRO? And if the dro is approved in the meantime will the switch go through?

    Don't know when my dro will be in place as CAB advisor still collects all the evidence at the moment so may be few weeks. I am also waiting for my tax credit renewal which will be done on 1st August so I am not sure if I should wait with dro until then?!!!129300; Also I had recent purchase on argos card and have been adviced to return the goods(they haven't been even delivered at that time) but once the return and refund will be processed in will take a few days, also I think it won't show straightaway on Experian that the balance is £0, do you think I need to wait until my credit report gets uptaded too?
    • Pattie94
    • By Pattie94 10th Jul 17, 4:48 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    I just spoke to my bank Nationwide and apprently they will freeze my account once I have DRO even though I have no debts with them :/ but probably because it is flexplus account and I pay £10 a month. Do you think I should switch my account now before DRO? And if the dro is approved in the meantime will the switch go through?

    Don't know when my dro will be in place as CAB advisor still collects all the evidence at the moment so may be few weeks. I am also waiting for my tax credit renewal which will be done on 1st August so I am not sure if I should wait with dro until then?!!!129300; Also I had recent purchase on argos card and have been adviced to return the goods(they haven't been even delivered at that time) but once the return and refund will be processed in will take a few days, also I think it won't show straightaway on Experian that the balance is £0, do you think I need to wait until my credit report gets uptaded too?
    • Pattie94
    • By Pattie94 10th Jul 17, 4:49 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Always got lots of questions when the CAB is closed !!!55357;!!!56834;
    • fatbelly
    • By fatbelly 11th Jul 17, 2:58 PM
    • 12,255 Posts
    • 9,284 Thanks
    fatbelly
    I just spoke to my bank Nationwide and apprently they will freeze my account once I have DRO even though I have no debts with them
    Originally posted by Pattie94
    I've never met this. Did they say how they will find out?

    What is your bank account? is not one of the questions on the application.

    I know that Nat West routinely trawl the insolvency register to see if their clients are insolvent, and downgrade their accounts, which seems like an unnecessary and expensive waste of time for them. But AFAIK the other banks don't do this.
    • Pattie94
    • By Pattie94 11th Jul 17, 8:14 PM
    • 25 Posts
    • 3 Thanks
    Pattie94
    Have no idea, though they get notification or something? Or could be only because I phoned them.
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