Debt relief order (DRO)

DROs were introduced by the Government in 2007 to help those with few assets and relatively small debts to recover financially. DROs have proven to be a popular insolvency measure, particularly amongst people with low incomes. All DROs must be made with the assistance of an ‘intermediary’ approved by the Insolvency Service. This can be a solicitor, a qualified accountant or an insolvency practitioner.

See if you are eligible

May not be suitable in all circumstances. Fees may apply. Entering into an IVA will affect your credit rating.

An IVA is an alternative to a DRO but there are certain criteria that must be met (such as debt level, number of creditors and an ability to pay more than £75 each month). So an IVA may not be suitable for many people. If you feel another option such as a DRO is preferable, you will be provided with enough information to make an informed decision. You will then be signposted to a regulated provider who can help you with an alternative option.

A DRO stops your creditors from taking any action against you for 12 months. If your financial position improves during this time, you may be expected to recommence payments of your debts. If you are still not earning sufficient income within a year, these debts will be discharged and your creditors will not be able to claim any more money from you.

Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t pay your debts and your bills.

You can trust Bennett Jones to help you if you are struggling to pay your debts.

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I would absolutely recommend Bennet jones to anyone who is struggling with debt. They are always happy to help and very friendly! They always reply in a timely matter and always help you come to a resolution to any problems you may have. If you cannot afford payments for any type of reason one month they will help you with this. They never judge you and are always there to help.

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If you’re in financial trouble don’t hesitate to reach out. From start to finish a very reputable caring company. Yes I’ve heard they charge but don’t really expect them to do it for free. We all have to get paid when we work. Be realistic. Very friendly and I felt they were thoughtful to my personal struggles. I would highly recommend them. Thank you to them, now have a good night's sleep

March2024, JA

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Incredible all round! Absolutely incredible all round service. Caring, thoughtful, understanding and have your corner no matter what. It has been a journey but they have made everything so much easier and a weight has been lifted. I cannot stress enough, if you do need help, they are your guys and it is 100% worth trying if you are up to it. Thanks to all and for being there with me on this journey. You are treasures, thank you

Would I qualify for a DRO?

It is likely that your DRO application will be approved if:

  • You can prove you cannot pay your debts
  • You owe no more than £30,000 (in Northern Ireland less than £15,000)
  • Your assets are not worth more than £2,000
  • You cannot own your own home
  • Your monthly disposable income after household expenses is less than £75
  • You live in England or Wales.

There are additional criteria you may need to meet, and our team will be able to tell you if you qualify. Debt Relief Orders are for people with relatively low levels of debt who own few assets and have low surplus income. You cannot already be involved in other insolvency procedures such as an IVA or bankruptcy.

Learn more about obtaining a DRO

Bennett Jones can tell you all about the application process, as well as what a DRO entails. We will also refer you to a DRO intermediary who can help you obtain a DRO if this is your chosen solution for your debt problems. Give us a call today and we’ll provide you with useful, practical, confidential information completely free of charge, showing you the best way to get back on your feet. You can also leave a message via our contact form.

Debts covered by a DRO

Debts that can go into a DRO are called ’qualifying debts’. During the DRO period, creditors can’t ask you for payments – if they do, you don’t have to pay them. They include:

  • credit cards, overdrafts and loans
  • arrears with rent, utility bills, telephone bills, council tax and income tax
  • benefits overpayments
  • buy now – pay later agreements
  • bills for services like vets or solicitors
  • debts you owe to friends and family
  • business debts