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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.

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