Debt Relief Order – DRO

Write off 100% of your debts without making any repayments
Debt Relief Orders (DROs) are one way to deal with your debts if you owe less than £30,000, don’t have much spare income and don’t own any property.

Submit your answers to the below questions to check if you qualify for debt help.

Step 1 - Your Debt

Total amount you owe (please click below)

Less that £5,000
£5,000 to £20,000
More than £20,000

Debt Relief Order can be effective if you meet the following criteria:

  • – Your debts are below £30,000 (£20,000 in Northern Ireland)
  • – You have less than £75 per month to pay towards your debts (£50 in NI)
  • – You don’t own a property or have assets worth £2,000 or more (£1,000 in NI)

Benefits


  • A DRO usually lasts for 12 months
  • You do not need to make payments in to the DRO
  • You are protected from the creditors
  • A DRO application costs £90

Considerations


  • Applications for a DRO will be rejected if you have assets over £2000 or own your own property.
  • If your circumstance change and you can afford to make repayments or you fail to co-operate the DRO can be revoked meaning you're liable for all the debt plus interest and charges.
  • Your information is placed on a register of Insolvencies which is a public register.