Debt Relief Order (DRO)
- No repayments for 12 months
- No fees (completely free)
- Can offer a fresh start
- Qualifying debts written off*
*May not be suitable for all. Write off based on individual circumstances. Also may not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
MoneyHelper is a Government-backed service that gives guidance on a range of money matters.
What We Offer
Qualifying Debts Written Off*
Some debts, like student loans, fines and social fund loans can’t be included.
Check If I Qualify
No Fees (Completely Free)
You can’t have a DRO if you own your own home. Even if you have negative equity.
Check If I Qualify
You can’t have a DRO if you’ve had one in the last 6 years.
Check If I Qualify
Debt Relief Orders (DRO)
A Debt Relief Order (DRO) is a way to get your debts written off if you don’t owe very much and have few assets. It’s only available for individuals who have very little left over each month after paying their priority bills and essential spending.
If you cannot afford to pay back your debts
You can apply for a Debt Relief Order (DRO) if you cannot afford to pay back your debts. A DRO has strict criteria and is only available in certain circumstances. But if you are not eligible, don’t worry, there are other solutions which could help you, such as our Individual Voluntary Arrangements & Debt Management Plans.
A Debt Relief Order (DRO) is a formal insolvency process that can help you deal with your debts if you owe less than £50,000, don’t own your home and have little spare income (less than £75). But if this doesn’t fit your situation, don’t worry there are other solutions that might be right for you. Head to our Individual Voluntary Arrangements & Debt Management Plans to find out more.
DROs are an alternative debt solution to bankruptcy and lasts one year (12 months). Once you are in a DRO creditors are unable to recover their money without permission from the courts. Once discharged from your DRO, all the debts listed in your DRO will be cleared. A DRO will appear on the Public Insolvency Register. If you’re a regulated or licensed professional, or you work with money, your employment may be affected. Check with us if it’s a good option for you as other options might suit your personal and professional circumstances better. Head to our Individual Voluntary Arrangements & Debt Management Plans to find out more.
You don’t have to face debt alone.
We’re here to help you take back control.
What are the pros and cons of a DRO?
Pros
- Debts written off after 12 months
- Creditors can’t chase you or take action during the DRO
- No monthly payments while it’s active
- Much cheaper than bankruptcy - it's free!
Cons
- You must meet strict eligibility rules (low assets, little spare income)
- Appears on the Public Insolvency Register
- Your credit file is affected for 6 years
- You can’t apply for credit over £500 without telling the lender
- If your income improves within 12 months, the DRO may be cancelled
- You cannot include magistrates court fines, child support or student loans
If this doesn’t sound right for you, don’t worry there are other solutions that might be a better fit. Head to our Individual Voluntary Arrangements & Debt Management Plans to find out more
How do I apply for a DRO?
Only an approved debt charity or adviser (called an “Approved Intermediary”) can apply for a DRO.
Dexter Bell will:
- Assess if you qualify
- Explain what it means for you
- Signpost you to a debt charity or specialist to apply on your behalf
Get In Touch
Have a question or feedback? Fill out the form below, and we’ll respond as soon as possible.
Call us at 0161 802 3102 or fill out our form, and we’ll contact you as soon as possible.
