Debt reduction order for homeless/ Live in van owner ?

[Poe]

Hello there,
I am hoping to apply for a debt reduction order but have a possible snag in that my only asset is a merc sprinter van that I have converted and has been home for the last three years.

My debts occurred as a result of supporting a disabled friend through homelessness during the 'austerity'

I understand that there is a limit on the value of a vehicle of £1000 - mine is worth perhaps ?2000. Is it [possible I might be able to apply for a dro and keep my van as losing it would result in my becoming homeless ?

All help greatly appreciated

Thanks

Poe

[seduraed]

Re: Debt reduction order for homeless/ Live in van owner ?

It looks as though the value of all assets cannot exceed £1000. Get a written valuation from a dealer or two that it is worth less than a grand.

[Kati]

Re: Debt reduction order for homeless/ Live in van owner ?

surely they couldn't make you sell your only home (be it made of bricks OR on wheels)... although they MAY be able to put a charging order on it?? tagging [MENTION=6]Amethyst[/MENTION] [MENTION=48934]Debt Camel[/MENTION]??

[Poe]

Re: Debt reduction order for homeless/ Live in van owner ?

Hello - thanks for your replies - is there anyway of finding out re the possible ststus of the van as my home ?

[Poe]

Re: Debt reduction order for homeless/ Live in van owner ?

Hi Kati - yes that sense of 'surely' hangs in the air a bit - any advice on how I can find out ? Cheers Poe

[Kati]

Re: Debt reduction order for homeless/ Live in van owner ?

Hi Kati - yes that sense of 'surely' hangs in the air a bit - any advice on how I can find out ? Cheers Poe

hopefully DC and Ame will notice the tags soon and be able to tell us xx

[Amethyst]

Re: Debt reduction order for homeless/ Live in van owner ?

Sorry I know very little about DROs so [MENTION=48934]Debt Camel[/MENTION];l is your woman

Step change say this ((((Can I keep my car on a DRO?
To qualify for a DRO your total assets cannot be worth more than £1,000 if you live in England, Wales or Northern Ireland, but you can also own one domestic vehicle worth up to £1,000 on top of this.

You’ll need to provide details of your vehicle including the make, model and registration number. Your vehicle’s value will be checked and if it appears to be worth more than £1,000 you'll need to provide valuations from two independent motor dealers.)))))

So I wonder if as your total assets are just the car you can get the £1000 limit plus the £1000 car 'allowance' to cover the £2000 value ?

[Debt Camel]

Re: Debt reduction order for homeless/ Live in van owner ?

I assume you mean a debt relief order not a debt reduction order.

There is no chance you will be allowed to propose a DRO with a vehicle being worth c £2000. Sorry.

One option would be to sell the vehicle and use it to pay a deposit on somewhere to rent.

So I wonder if as your total assets are just the car you can get the £1000 limit plus the £1000 car 'allowance' to cover the £2000 value ?

Imaginative - but no.

The DRO criteria are incredibly strict.

[Diana M]

Re: Debt reduction order for homeless/ Live in van owner ?

surely they couldn't make you sell your only home (be it made of bricks OR on wheels)... although they MAY be able to put a charging order on it??

Charging Orders can only be placed on property (or land) registered at the Land Registry.

Vehicles are not registered at Land Registry so the OP needn't be worried by that prospect.

Di

[Kati]

Re: Debt reduction order for homeless/ Live in van owner ?

Charging Orders can only be placed on property (or land) registered at the Land Registry.

Vehicles are not registered at Land Registry so the OP needn't be worried by that prospect.

Di

well that's good then I suppose at least it's one less thing for Poe to worry about

[Diana M]

Re: Debt reduction order for homeless/ Live in van owner ?

well that's good then I suppose at least it's one less thing for Poe to worry about

I'm interested to see whether the OP can declare his van his home in a formal way to prevent it being seized by bailiffs and sold in the event of enforcement of a CCJ (if one happens).

Would a bailiff expert know the answer to that?

My car is in joint names with my daughter (long story about giving it to her but not wanting her to sell it without her controlling mother's permission ) so I don't know if that's an option or whether the OP has anyone they would even want to 'share' the van with.

Di

[Kati]

Re: Debt reduction order for homeless/ Live in van owner ?

I'm interested to see whether the OP can declare his van his home in a formal way to prevent it being seized by bailiffs and sold in the event of enforcement of a CCJ (if one happens).

Would a bailiff expert know the answer to that?

[MENTION=26498]ploddertom[/MENTION] may know the answer to that ... although if [MENTION=103808]Poe[/MENTION] is living in his van full time there may be proof of that already (all his belongings in it perhaps?)

[Diana M]

Re: Debt reduction order for homeless/ Live in van owner ?

@Poe is living in his van full time there may be proof of that already (all his belongings in it perhaps?)

Another thought might be if the OP is living in his van then where would the court issue a claim in order for it to be served on him correctly

Di

[Kati]

Re: Debt reduction order for homeless/ Live in van owner ?

Another thought might be if the OP is living in his van then where would the court issue a claim in order for it to be served on him correctly

Di

good point!! Although I suppose he must have a correspondence address

[Diana M]

Re: Debt reduction order for homeless/ Live in van owner ?

good point!! Although I suppose he must have a correspondence address

There's probably a CPR for that - there're CPRs for most things!

I'll ask my boss what would happen in this kind of scenario and report back

Di