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DRO or Bankruptcy?


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Hi.

 

I have about 13k unsecured debt in my name.

 

I have a mortgage of £120k with an ex partner and a £20k unsecured attached to the mortgage called a - together mortgage -

the house is £3400 in arears.

 

What i was wondering is:

 

I cant afford to go banrupt. I cant get the £700+ money to do it.

 

I read a DRO is only £90 and you dont have to go to court.

 

If i went through DRO would they take my name off the debt surrounding my house and unsecured with it and chase my ex for it? If so would I qualify for the "under £15k of debt bit?

 

My ex doesnt mind as she wants house but they would let her have it in her name.

 

Thanks in advance to anyone who can help .

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