A Debt Relief Order is a new government debt solution designed to help low income families write-off debt up to £15000. The criteria is relatively strict and only those with a disposable income of less than £50 a month and collateral of …

Source: Debt Relief Order, new government scheme to clear debts of low …

This means that individuals borrowing money can opt for a debt solution, such as a debt management plan, Debt Relief Order (DRO) or Individual Voluntary Arrangement (IVA), in the event of financial difficulty. …

Source: An Introduction to Personal Loans: Do Unsecured Loans and Secured …

In addition to the CAB, the UK has also recently implemented a new cheaper form of insolvency called the debt relief order. Under a debt relief order a credit counseling group can help to make a consumer bankrupt without having to go to …

Source: It Will Take 93 Years For People to Get Out of Debt | Get Out of …