i. Does anyone know if I can apply for a DRO if I have any involvement with a Ltd company? I am not a director, the company is purely used as a membership as such to run the outgoing costs between 5 members. We are all sole traders and no earnings or profit is run through the Ltd company. Hope that makes sense. Thank you in advance for any help
You cannot be involved in the promotion, management or setting up of a company without permission from the court so this could be a problem. You should possibly speak with one of the registered intermediaries for more complete advice but I certainly would have doubts. For a DRO you need to have little or no surplus income and assets of less than £1,000 so the company's value would also be taken into account.