New DRO provisions
Posted: Tue May 11, 2021 7:53 am
Great news ! From 29th June 2021 the DRO scheme is being amended to allow more people to qualify:
Debt allowable is being increased from £20k to £30k
Surplus income allowable is increasing from £50 to £75
Assets are increased from £1000 to £2000
On top of which the value of a car also doubles from the current £1000 to £2000
Added to this the new emphasis on exploring and documenting DRO's in the new 2021 Protocol will mean many more will be able to take the DRO route, rather than an IVA for modest debts.
Debt allowable is being increased from £20k to £30k
Surplus income allowable is increasing from £50 to £75
Assets are increased from £1000 to £2000
On top of which the value of a car also doubles from the current £1000 to £2000
Added to this the new emphasis on exploring and documenting DRO's in the new 2021 Protocol will mean many more will be able to take the DRO route, rather than an IVA for modest debts.