Citizens Advice estimates that nearly a third of its debt clients could be eligible for a debt relief order – a new low-cost alternative to bankruptcy for people who owe less than £15000 and have assets worth less than £300 – when it …

Source: Citizens Advice sounds warning over spiralling household debt …

Also, I may be eligible for a ‘debt relief order‘ instead of bankruptcy – i know this has the same implications as bankruptcy but if asked on an official form ‘have you ever been bankrupt?’ is the answer ‘yes’ if you have had a debt …

Source: Myvesta UK FAQs :: Bankruptcy and Visas

What is a debt relief order (DRO)? DROs provide debt relief, subject to some restrictions. They are suitable for people who do not own their own home, have little surplus income and assets and less than £15000 of debt. …

Source: Which one is right for me – Bankruptcy, IVA or DRO?