image
Include Sold/Let Properties? Yes No
 

Debt Relief Orders (DRO)


image

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.

image
image
image
image

Follow us



image image image image