DRO along with DMP. Possible?

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paul156
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by paul156 » Mon Feb 19, 2018 1:29 pm
I'm in a debt management plan, can I also have a debt relief order?
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Foggy
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by Foggy » Mon Feb 19, 2018 1:37 pm
All of your qualifying debts would be covered by the DRO, so there would be no need for a DMP to run alongside it.
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Lisa Thomas
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by Lisa Thomas » Mon Feb 19, 2018 3:09 pm
As Foggy says - if you get a DRO then the DMP will be academic as most (or likely all) of your debts will be dealt with via the DRO instead.

You will be leaving an informal arrangement for a formal insolvency procedure.
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Lisa Thomas
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by Lisa Thomas » Mon Feb 19, 2018 3:10 pm
Here are a couple of my quick videos on each procedure so you can see the differences:

https://youtu.be/BtgpEX5mNDg

https://youtu.be/8mZ17eJeFlQ
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kallis3
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by kallis3 » Mon Feb 19, 2018 6:05 pm
Have you decided what to do yet? Please speak to a few companies to get some advice as to the best way forward.
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