Debt Relief Orders (DRO)
Debt relief orders (DROs) provide individuals with relief from their debts by placing a "freeze" on any
action to be taken by creditors to recover their debts without the court's permission.
A DRO will normally last for 1 year and at the end of this period, the debtor will be released from their debts
if their circumstances have not changed.
For an individual to qualify for a DRO they must meet the following criteria:
- The individual does not own their own home;
- The individual has very little surplus income (less than £50 per month) or assets
(less than £300 in assets and a car worth no more than £1,000) ; and
- The individual must have less than £20,000 of debt.
If you are seeking advice regarding a DRO please contact our office on 0208 661 7878 and our experienced staff
will be able to assist you.