question category: Debt Relief Order

I want to apply for a DRO but I sold my car


I want to apply for a DRO but I sold my car within the last two years and paid off a family debt. Can they check?

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Re: I want to apply for a DRO but I sold my car

There are usually audit trails for all sales, transactions, movements of cash or assets so most things can be checked if necessary. As part of the process of applying for a Debt Relief Order (DRO) you will be providing information to the approved intermediary and declaring any previous assets sold, transferred to others. If your application is rejected by the Official Receiver because of previous transactions then you may need to choose an arrangement to pay instead. If you go through in greater detail with your approved intermediary they should be able to give you further guidance.

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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