A debt relief order (DRO) can help people with total debts of less than £15,000 and who have no more than £50 left over each month after paying all their essential living expenses.
A debt relief order is a legal procedure. A DRO isn’t suitable for anyone who owns their home or has assets worth more than £300 (this excludes one car up to £1,000 in value).
You apply for a DRO through an intermediary and they submit your application to the official receiver. There is a fee of £90 to pay, which you won’t get back if your application is unsuccessful.
If your application is successful, your debts will be written off after 12 months, providing you keep to the terms and conditions of the order. During these 12 months your creditors will not be able to chase you for payments or add any interest or charges to the debt.
How can we help?
We are one of the few approved organisations that can submit debt relief order applications. We have a team of intermediaries who can help.