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