What happens if my circumstances change during a DRO?
If your circumstances improve you must notify the official receiver who will decide whether your DRO can continue, for example;
- if your income improves or,
- if you receive a lump sum of money or any assets.
Where will my DRO be listed?
Your DRO and details such as your name and address will be listed in the Individual Insolvency Register (IIR). Your details will be listed for the duration of the DRO (12 months) and removed three months after your DRO ends.
An application can be made to keep your address details off the Individual Insolvency Register in exceptional circumstances, for example where there’s a risk of domestic violence or other personal harm.