Debt  Relief  Orders (DRO)

New low cost, out of Court, insolvency vehicle To help individuals on low income and limited assets who cannot pay back their debt How it works: Unsecured debt of less than £15,000 Assets worth less than £300 (except a car which can value up to £1000) Disposable income of less than £50 per month after normal household expenditure £90 fee Order made by Official Receiver DRO will prevent enforcement action by creditors and last 12 months