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A Debt Relief Order or DRO is like a form of 'Mini-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; 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 options for dealing with your unaffordable 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 been subject to 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... You cannot be:
If you need some help and advice on how to deal with unaffordable debts, click the button below and fill in our contact form. One of our advisors will then contact you to discuss your options.
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