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 …

The new Debt Relief Order should offer a much needed reprieve for many who would not qualify for an Individual Voluntary Arrangement. Although there are several other options that may meet there needs sufficiently. …

Source: Debt Advice in a Recession

A Debt Relief Order costs £90, which can be paid in instalments rather than the hundreds of pounds it costs to go bankrupt. Citizens Advice estimates upto a third of clients they advise on debts each year could be eligible – around …

Source: New Debt Legislation Comes Under Fire | Free Uk Credit Report