question category: Debt Relief Order

Can you opt for a debt relief order if you own your own home

Submitted on: 11th Feb 2010 by Non-Member | Total Answers: 1

i have £10,000 of debt i am currently not working due to having a baby and can no longer afford my mortgage or my debts and i have heard about this can any one give me any information regarding this thank you

Answer this question

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Re: Can you opt for a debt relief order if you own your own ...

No, unfortunately DROs are not currently available to home owners.

This is because you are not allowed gross assets of more than £300 (excluding a car up to £1000).

You should take impartial advice on your options from a free debt advice charity such as the Citizen's Advice Bureau or the Debt Advice Foundation.

Submitted on: 12th Feb 2010 by Darren Member

0
 

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

Featured Debt Charity

“What we like most about the help the Debt Advice Foundation provide is it’s balanced and fast. You’ll get the right solution suggested confidentially in hours not days.” Debt Advice Foundation