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.

Get In Touch

Freephone 0800 093 4604
Telephone 0161 359 4593

Also in Personal Insolvency

Free eBook: A Guide to Putting a Business into Liquidation

If you believe your business may be in distress, understanding the warning signs early is essential to securing the best possible outcome. In our free guide, we explore the process of putting a business into liquidation, what options you have when it comes to insolvency, the impact liquidation has on stakeholders, and much more.

Download Now

Book A Free Consultation

If you would like a free, no-obligation call with one of our experts, click the button below to book a free consultation.

Book Now