Debt Relief Order

Debt Relief Orders (or DROs) were introduced in April 2009 to provide a new form of debt relief for over-indebted individuals in England and Wales. They are suitable for people who do not own their own home, have little surplus income or assets and have debts of less than £15,000.

A DRO lasts for 12 months, during which time creditors named on the order cannot take any action to recover their money without permission from the court. At the end of the period, as long as the individual’s circumstances have not changed, the debts included in the order are written off.

DROs do not involve the courts, but are run by The Insolvency Service in partnership with skilled debt advisers, called approved intermediaries, who will help you apply to The Insolvency Service for a DRO. If you are considering a DRO, we can help you decide whether it is the right option for you.

If you would like further information or would like to discuss your options please call 01709 331300 or email info@moorheadsavage.co.uk