What are the requirements of applying for a debt relief order? The requirements will be detailed in the secondary legislation, which is not finalised, but the following are anticipated to be the criteria. An applicant must: …
Source: Debt Relief Orders – Frequently Asked Questions
The DRO (Debt Relief Order) was introduced in 2009 to help people who need to be declared insolvent – but for whom neither an IVA nor bankruptcy would be appropriate. It’s only available to people who fit very strict criteria: …
Source: DROs open to more people in debt
Introduced in April 2009, a debt relief order is suitable for people whose level of debt is below £1500 and who are on low levels of income. There are strict criteria that must be met in order to successfully apply for the debt relief …
Source: Available Options For Those In Situations Of Personal Debt