Personal Debt
Debt Relief Order ("DRO")

Debt Relief Order ("DRO")

A DRO is a formal insolvency process designed to help individuals on a low income with little or no assets.

Assuming a DRO is the right for you and is approved your debts are frozen and should be written off after 12 months.

To be eligible you need to meet the following criteria:

  • Your debts do not exceed £20,000.
  • You cannot own assets worth more than £1000.
  • You must have no more than £50 disposable each month after paying your household bills.

To discuss a DRO and the alternatives please book a free, confidential, no obligation meeting by calling one of our experts at Currie Young on 01782 394500

01782 394500