DRO along with DMP. Possible?

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paul156

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Post by paul156 » Mon Feb 19, 2018 1:29 pm
I'm in a debt management plan, can I also have a debt relief order?

Foggy

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Post 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.
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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Lisa Thomas

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Post 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.
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

Lisa Thomas

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Post 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
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

kallis3

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Post 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.
http://kallis3.blogs.iva.co.uk/
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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