What is the equivalent of one order of Debt Relief for those with debts of more than £ 15,000?
Full blow of bankruptcy, which costs about 500 pounds to do and has more restrictions than a DRO (income payment orders, for example, can be done until three years after the bankruptcy if the depositary administrator thinks is needed, etc, etc) While not exactly DRO p * ss easy way to become free of debts that are designed to be alternatives to bankruptcy for those who qualify and could not afford to go bankrupt.
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im applying for a Debt Relief Order. is it worth it?
it will cost me £90 in total and that’s to clear up a debt of £4,500. im only 22 years old and got into it all after living on my own.
I know its a lot of money and made a mistake (lesson learned.) but im scared that i pay the £90 and then they turn me down. im only on £260 a month at mo as i lost my job so doing a bit of cleaning for now and looking for a full time job.
did a DRO help anyone else?
Don’t pay for a debt relief order.
http://www.cccs.co.uk/ (as recommended by citizen’s advice) will help you set up arrangements and won’t cost you a penny. Although as a charity I’m sure they would appreciate any donations offered.
if i on a Debt Relief order and opened a bank account can a partner company which i owe money to take funds?
out of the new account. eg i opened abbey account, i owe alliance and Leicester also i opened a lloydsTSB and owe Halifax???????????? Can anyone HELP PLEASE????
