It’s called a Debt Relief Order, or DRO for short. You can’t apply for a DRO if you own things of value of over £300 – so if you’re a homeowner, it’s very unlikely you’ll be able to apply. A DRO usually lasts for one year and during …

Source: Debt FC – Debt Advice » Debt Relief Order (DRO) – England

Personal insolvencies leap by 22% Mortgage Strategy, UK - Natalie Martin Potentially more than 150000 people are expected to enter into an Individual Voluntary Arrangement, be declared bankrupt or enter into a Debt Relief Order (the new alternative to bankruptcy which was introduced on 6 April 2009 and which will therefore …

Source: Personal insolvencies leap by 22% – Mortgage Strategy

Record numbers are going bankrupt guardian.co.uk, UK It will also include people who opt for a Debt Relief Order, a new alternative to bankruptcy for people with debts of less than £15000, which was introduced this month and will be included in statistics from the second quarter. …

Source: Record numbers are going bankrupt – guardian.co.uk