Last month, Debt Relief Orders were introduced in the United Kingdom. A debt relief order is a form of bankruptcy where the party filing does not have to go to.

Source: Debt Relief Orders introduced in the U.K. : Lucrative Investing

Chapter 4 of the Tribunals Courts and Enforcement Act 2007 introduces Debt Relief Orders as a new form of bankruptcy in the United Kingdom. A DRO will be a simplified, quicker and cheaper alternative to bankruptcy, suitable for debtors …

Source: Debt Relief Order

Record numbers go bankrupt, KPMG predicts Telegraph.co.uk, United Kingdom 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 go bankrupt, KPMG predicts – Telegraph.co.uk