Debt Relief Order

A debt relief order (DRO) is a formal insolvency process that can help you with your debts. It’s a simple alternative solution to bankruptcy which usually lasts for 12 months. After the 12 months, any remaining debts will be written off.

  • Low cost alternative to bankruptcy
  • Debts written off at end of DRO
  • Protection from creditors

Speak to one of our qualified advisers today to see if you qualify for a Debt Relief Order.

Call 0161 9627061 or complete and submit the debt help form.

Find Your Solution

Complete the form below, and our friendly team will be in touch to find the right solution for you.

How does a Debt Relief Order work?

Debt Relief Orders can only be administered by an accredited intermediary.

We would assess your individual situation and if appropriate file the application on your behalf.

  • Step
    Full review of financial circumstances.
  • Step
    Application is made to an Official Reviewer
  • Step
    If granted, your creditors will be notified

Is a debt relief order right for me?

A debt relief order should be considered very carefully, just like bankruptcy. A debt relief order may be right for you, if you:

  • Are unable to pay the debts you owe
  • Owe creditors less than £20,000
  • Disposable income of less than £50 per month
  • Less than £1000 worth of assets
  • Not own a vehicle more than £1000

There are some things to consider before deciding to on a Debt Relief Order:

  • You will have to pay a one-off fee when applying
  • You will still need to pay essential bills that aren’t included in the DRO
  • It will stay on public record for 15 months
  • It will affect your credit score for up to 6 years
  • Future credit may be at a less competitive rate
  • If your financial circumstance improves, you will be expected to pay back creditors