What is a Debt Relief Order?

A Debt Relief Order (DRO) is an alternative to bankruptcy and lasts for 12 months. It is aimed towards individuals with little or no assets and debts of less than £20,000. During this period you don’t pay any money towards your eligible debts. If your financial circumstances don’t improve at the end of the DRO your debts are written off.

Continue to next section How does a DRO work?
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