New DRO provisions

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Foggy

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Post by Foggy » 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.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Tue May 11, 2021 9:46 am
That's brilliant news Foggy - thanks.
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.
http://kallis3.blogs.iva.co.uk
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