A Debt Relief Order or DRO is a new form of Bankruptcy that was introduced in 2009. The purpose of a Debt Relief Order is designed to be a cheaper, simpler and quicker alternative to Bankruptcy; designed for people who have few or no assets.
Read on to find out more about a Debt Relief Order or fill in the form and one of our advisors will contact you to advise on your debts.
There are certain criteria involved in doing a Debt Relief Order which will determine if it is a suitable solution for you.
In England & Wales
In Northern Ireland
You must also be unable to pay your debts (classed as insolvent) and not have had a DRO in the past 6 years.
There is a fee payable to The Insolvency Service of £90 for doing a Debt Relief Order. It can be paid in instalments but must be paid before the application can be made.
You cannot have been involved in another Insolvency Procedure at time of application of the Debt Relief Order. i.e...