DEBT RELIEF ORDER
Debt Relief Orders (DRO) only apply to individuals who have debts of £20,000 or less, total assets of no more than £1,000 and disposable income of £50 per month. If you own a property then you are not eligible for an DRO even if the property is in negative equity.
A DRO lasts for one year, and once this year has passed then all the debts listed on the DRO are written off.
Should you require any insolvency advice live chat to us now (if we are online) or contact us.
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