"I just wanted to say a big thank you to you and your Debt Management Team. I am glad that I spoke to you and had the courage to open up to you. You have taken a great burden off my shoulders, and above all given me the peace of mind that I needed."
Angela, Derby
Debt Relief Order
A Debt Relief Order is a form of insolvency (similar to Bankruptcy), introduced by the Government on April 2009. It is suitable for those with debts of less than £15,000 on lower incomes. A Debt Relief Order has similar implications to Bankruptcy, we would only recommend this solution for you after we have explored all other options for dealing with your debts.
Benefits
- Cheaper and less stressful than Bankruptcy. The Debt Relief Order has lower fees and avoids Court procedures.
- No more demands for repayment. The people you owe money to (your creditors) will no longer be able to take action against you to get their money back.
- You could be free of your debts in just 12 months. A DRO normally lasts one year.
How does a Debt Relief Order work?
Debt Free Helpline will check that you qualify for a Debt Relief Order, and if you do qualify we’ll help you with your application.
After approval, you will no longer have to pay any of the creditors listed in the order. Your creditors will be told that you have a Debt Relief Order and you will be protected from them taking any action against you.
Your Debt Relief Order will be published on the Individual Insolvency Register, which is available to the public. Your name and address will remain on this register for 15 months.
Find out more about:
Debt Management Plans
Individual Voluntary Arrangements (IVA)
Debt Consolidation
Bankruptcy
Further Debt Help and Advice
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