… many of the poorer debtors will have another, cheaper way to go insolvent. This is called a Debt Relief Order (DRO), and it’ll affect about 11% of people who become formally insolvent (according to the Institute of Money Advisers). …

Source: Go bankrupt for less

Go bankrupt for less lovemoney.com, UK This is called a Debt Relief Order (DRO), and it'll affect about 11% of people who become formally insolvent (according to the Institute of Money Advisers). As with bankruptcy and IVAs, you must be insolvent – unable to pay your debts – in order to …

Source: Go bankrupt for less – lovemoney.com