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2 Answers

TAD Member

4 years ago

If the moratorium period off your Debt Relief Order has ended, then you will be able to inherit the money without any adverse affect.

This question has been answered by CAP UK, a leading debt charity offering hope and a solution to anyone in debt.

TAD Member

4 years ago

It sounds unlikely, from the limited information, that this would be an issue. If the Debt Relief Order (DRO) has ended without being revoked, with no restrictions, all debts discharged and the £10,000 did not become funds owned by you during the DRO then it is unlikely that it will have any impact to your previous DRO. If you are in any doubt then it is always wise to consult directly with the DRO Unit as they will be able to advise, specific to your case, of any impact, or will be able to put your mind at ease.

It would not really be whether the £10,000 would be taken or not, it would be to see if the DRO should have been revoked because you owned an asset worth over £300. If that is the case then a Debt Relief Order is usually revoked and all of the debts still exist and still need paying.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you need further help, Debt Advice Foundation provides a free, confidential helpline and can advise you. Click here to find out more.

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