question category:

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?

Comment viewing options

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

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.


Want to ask your own question?

The content of this field is kept private and will not be shown publicly.


Our featured debt charity

Debt Advice Foundation

The Debt Advice Foundation offers:

  • Impartial advice
  • Debt solution to best suit your needs
  • Confidential helpline
  • Non-judgemental advice
  • No appointment needed