Debt Relief Orders
A Debt Relief Order could be the quickest route to a fresh start if you don’t own your home and have little spare income.
See if you qualifyA Debt Relief Order (DRO) is a form of personal insolvency that gives you legal protection from your creditors, with the qualifying debts written off after 12 months. It’s aimed at people who don’t own their home, have few assets and little spare income.
If you qualify for a DRO
- Other than the application fee (£90), you won’t have to pay anything
- Your creditors can’t recover their money without the court’s permission
- You’re usually freed from the qualifying debts after 12 months
How do I get started?
You must apply through an intermediary authorised by the Insolvency Service. They’ll consider your overall financial position and advise whether you qualify. A DRO can be revoked if your finances improve, if you don’t co-operate with the official receiver, or if your income, assets or debts exceed the limits.
Qualifying criteria
Eligibility limits change from time to time, so we’ll check the current thresholds with you. As a general guide, a DRO is for people with relatively low debts, minimal assets, little spare income each month, and who’ve lived or worked in England and Wales recently.
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Free, independent debt advice is also available from MoneyHelper, StepChange, National Debtline and Citizens Advice.