What is a DRO?
A Debt Relief Order (DRO) is an alternative to bankruptcy which lasts for 12 months. In order to qualify for a DRO you must not own a home, have assets of less than £1,000 (excluding a vehicle), eligible debts of under £20,000 and a monthly disposable income of less than £50.
For 12 months, while the DRO is active, you will not be required to contribute towards the debts which are included in the DRO. Any remaining debts will be written off after 12 months, providing you still qualify.Continue to the next section How does a DRO work?