What is a Debt Relief Order? Do I qualify for a DRO?

In the closing months of 2008 around 200 people a day were being made bankrupt and the UK Government needed to find a solution which allowed debtors to repay their debt without the need to file for bankruptcy, as a result the UK Government introduced a Debt Relier Order. A Debt Relief Order or DRO is a simplified, quicker and cheaper alternative to bankruptcy which was introduced in the UK in April 2009.

Who will benefit from a Debt Relief Order

Debt Relief Orders are aimed at debtors with low incomes and little assets to file for bankruptcy without the associated costs.

What Debts can I include in a Debt Relief Order?

The following debts can be included in a Debt Relief Order

• Unsecured Loans
• Credit cards
• Store cards
• Catalogue debt
• Overdrafts

What are the benefits of a Debt Relief Order?

Debt Relief Orders will last for 12 months and you'll be:

• Protected by enforcement action from many of your creditors.
• Obliged co-operate with the Official Receiver.
• Expected to repay your creditors if your circumstances improve.

How do I apply for a Debt Relief Order?

Debt Relief Orders can be applied for online from a debt solution company. Before applying for a Debt relief Order speak to a debt advisor from Debt Advisory Line who will assess your financial situation and recommend a suitable debt solution.

Debt Relief Orders are not suitable for everyone, speak to a debt advisor now or complete the form for expert advice or view the following sections of Debt Advisory Line for more information on other debt solutions

Debt Management

Individual Voluntary Arrangements

Trust Deeds

Bankruptcy

Debt Relief Order

Mortgages

Secured Loans

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