Debt Relief Orders

A Debt Relief Order (DRO) is a formal solution for individuals struggling with unmanageable debts in the UK. It helps people whose debts are under a certain limit (currently £30,000) and who have low income or few assets. By obtaining a DRO, debts can be written off after a year, providing relief and a fresh start. The process requires an application through an approved intermediary, and there’s a small fee. However, a DRO will affect credit ratings and has specific eligibility criteria, making it a serious option for those in financial distress.