Lost Job...now what??

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beckym

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Post by beckym » Thu Apr 09, 2009 9:12 pm
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Excuse my naivaty, do not know what either a DI nor a DRO is...will check blob.
In answer to your question David, it is a joint IVA that we have
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kallis3

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Post by kallis3 » Thu Apr 09, 2009 9:18 pm
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DI is disposable income, and a DRO is the new Debt Relief Order which came into force last Monday.
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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Adam Davies

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Post by Adam Davies » Thu Apr 09, 2009 9:18 pm
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Hi
A DI is disposible income and a DRO is a debt relief order
Regards
Andam Davies
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beckym

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Post by beckym » Thu Apr 09, 2009 9:18 pm
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Just read blog...no do not qualify for DRO (unfortunately!!)
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David Mond

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Post by David Mond » Fri Apr 10, 2009 4:05 am
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Why not? If no job and living on £120 pre-living expenses and no other assets above £300 a DRO might be appropriate after your IVA's fail.

You mention that your IVA's are Joint - they are probably separate but interlocking ones.

Speak to your IP and see what she says you can do and let us know please.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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beckym

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Post by beckym » Mon Apr 13, 2009 10:16 pm
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Thanks for help, awaiting a reply from IP as off for eater hols.
We do have a car that is worth more than £300 however...will let you know what our IP says. thanks again
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MelanieGiles

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Post by MelanieGiles » Mon Apr 13, 2009 10:19 pm
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You can have a car worth up to £1,000 under a DRO Becky.
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Mon Apr 13, 2009 10:20 pm
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Glad to be of help.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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