Debt Relief Order

A Debt Relief Order (DRO) can be a lifeline if you’re struggling with debt. At Advice Centre Group, we’re here to help you understand if this solution could be right for you.

We do not offer DROs therefore this page is for your information only. If this is your preferred option we can refer you to one of our trusted third party firms who will be able to assist

You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money. Further Information – The Insolvency Service has produced a Guide for people struggling with debt in the United Kingdom.

Speak To Our IVA Experts Today

What is a Debt Relief Order?

A Debt Relief Order is a formal debt solution for individuals with low income, minimal assets, and relatively low debt levels. It provides a legal way to deal with unmanageable debts when you can’t afford to make payments.

With a DRO:

You won’t have to make payments toward most debts included in the order
Creditors cannot force you to pay off these debts during the DRO period
Most qualifying debts are written off after the DRO ends (typically after 12 months)
You’ll work with a specialist DRO adviser who will help with your application
The application process is handled by an official receiver

A DRO offers a fresh financial start with less cost and complexity without many of bankruptcy’s drawbacks.

Is a Debt Relief Order Right for You?

You can qualify for a Debt Relief Order if all of the following criteria apply:

Your qualifying debt should be less than £50,000
You have £75 or less left each month after paying household expenses
Your total assets are worth no more than £2,000
If you own a vehicle, it must be worth less than £4,000
You don’t own a house.
You haven’t had a DRO in the last six years.
You’re not already in another debt plan like bankruptcy or an IVA.

Debts That Can Be Included In a Debt Relief Order:

Debts That Can Be Included In a DRO:

Credit cards and overdrafts
Personal loans
Rent, utility, and council tax arrears
Telephone bills
Income tax and benefits overpayments
Hire purchase agreements
Buy now – pay later agreements
Bills for services (vets, solicitors, etc.)
Personal debts (friends and family)
Business debts

Debts That Can Not Be Included In DRO:

Magistrates court fines and confiscation orders
Child support and maintenance
Student loans
Social fund loans
Compensation for death and injury
Debts obtained through fraud

DRO Pros and Cons

DRO Pros:

Most qualifying debts are written off after 12 months
You don’t make payments toward included debts during the DRO period
Creditors can’t pursue you for payment once the DRO is made
Much less expensive than bankruptcy
No court appearances are required
Straightforward application process with adviser help
Provides a clean slate after completion
Most debts can be included, including rent arrears, fuel debt and Council Tax
It’s a formal, legally binding agreement

DRO Cons:

Stays on your credit file for 6 years
Restrictions on company directorship and business activities
Your details appear on the Individual Insolvency Register
Strict asset limits – homeowners with equity won’t qualify
Secured creditors can still take action against you
Some debts remain (court fines, student loans, maintenance payments)
Your credit rating will be affected
May affect current or future tenancy agreements

What Our Clients Say About Us

"The whole process from start to finish was simple and efficient. I was informed of my choices regarding my debts and guided through each step. The team were super friendly and understanding and did not judge me or my situation at all."

“Very helpful also made to feel at ease for something that was causing so much anxiety, the people that helped me are so nice very understanding and helpful they helped me so much not just with my debt but with helping me to be able to live again."

"Amazing Service! Everyone has been friendly and helpful. They kept me updated and in the loop from start to finish and listened to everything I had to say!"

"Very helpful also made to feel at ease for something that was causing so much anxiety, the people that helped me are so nice very understanding and helpful they helped me so much not just with my debt but with helping me to be able to live again.."

"Brilliant service, help with everything and explained everything so easy, still can't believed how they helped so much 🙂 Highly recommend."

We Can Help You Manage Most Kinds of Unsecured Debt, Including:

We Handle All Bailiffs

How we helped Holly

Pressure Has Been Taken Off Me

I felt a lot of pressure had been taken off me once I had spoken to them. They kept me upto date every step of the way during my Iva set up and I was able to call anytime I needed advice

Holly

Ready to Take the First Step?

Get confidential support to stop the stress and take back control of your finances.

Email us – Enquiries@slwb.co.uk

You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money

SLWB LTD (Company No. 16451543).
Registered Office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX.

Adam Southard is authorised as a Licensed Insolvency Practitioner in the United Kingdom by the Insolvency Practitioners Association, We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meet the criteria for one of our insolvency solutions, therefore, all advice regarding Individual Voluntary Arrangements (IVA) is given in reasonable contemplation of an insolvency appointment.

Adam Southard is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Office Holder No. 11930

What you need to know about Individual Voluntary Arrangements
(Insolvency Service)

We provide solutions to individuals throughout the UK, We Will help recommend solutions available to your circumstances in which you can then make an informed decision about which solution you qualify for is best for you and your circumstances.