Is a DRO classed as bankruptcy ? if so it could affect my tenancy agreement.

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Patricia.p

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Post by Patricia.p » Fri Apr 29, 2016 11:15 am
IF I HAVE A DRO does this mean I could be classed as bankrupt and could it affect my tenancy agreement if it says u could lose your home if you are declared bankrupt within 5 years of my new tenancy rules. THANKS
 
 

Lisa Thomas

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Post by Lisa Thomas » Fri Apr 29, 2016 11:39 am
No a DRO is different from BKY.

In my opinion based on the wording you have quoted this will not affect your tenancy agreement however if it was worded differently to ask you about insolvency or arrangements etc with creditors than this would be different.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

Foggy

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Post by Foggy » Fri Apr 29, 2016 12:34 pm
I agree with Lisa -- check the exact wording. Many agreements have such clauses, but not all providers act on them, however, some do!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

lifenoteasy

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Post by lifenoteasy » Fri Apr 29, 2016 12:43 pm
May be useful

http://debtcamel.co.uk/right-buy-will-debts-stop/

(plus my posting is a figment of your imagination).
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Foggy

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Post by Foggy » Fri Apr 29, 2016 12:44 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lifenoteasy

May be useful

http://debtcamel.co.uk/right-buy-will-debts-stop/

(plus my posting is a figment of your imagination).

WHO SAID THAT ?? [:D]
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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