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Posted: Tue Mar 24, 2009 2:43 pm
by kallis3
This is for anyone who is looking to go BR after 1st April this year.
I've just read on the sister site that the fees are going up after then to £515.
Posted: Tue Mar 24, 2009 2:51 pm
by Adam Davies
Hi
There should also be the option of a debt relief orders for people with debts under 15k, no assets above 1k and disposible income under £50. This will cost £90
Regards
Posted: Tue Mar 24, 2009 2:53 pm
by kallis3
It will be interesting to see how many people actually apply for the DRO's.
Posted: Tue Mar 24, 2009 3:22 pm
by Bear171
Oh dear, this isn't good news for me. I've decided today that BR is my only option.
What's a DRO? My debts are over £15k, I have no assets over £1k and will have no disposable income after 31st March.
[:(]
Posted: Tue Mar 24, 2009 4:41 pm
by kallis3
You won't be eligible for the DRO if your debts are over £15,000.
Posted: Tue Mar 24, 2009 8:45 pm
by MelanieGiles
DRO stands for Debt Relief Order - which is designed to provide a similar result to bankruptcy, but at a much lesser costs for individuals with low disposable income, debts and assets.
Posted: Wed Mar 25, 2009 7:31 am
by David Mond
And net disposable income for the ongoing 12 months not exceeding £50