Debt Relief Orders, which were introduced by The Tribunals, Courts and Enforcement Act 2007, offer an alternative route into personal insolvency for people struggling with unmanageable debt. They are designed for people who live...
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Debt Relief Orders, which were introduced by The Tribunals, Courts and Enforcement Act 2007, offer an alternative route into personal insolvency for people struggling with unmanageable debt. They are designed for people who live in England and Wales who don’t own their own home, have little disposable income (no more than £50 a month), don’t own assets worth over £300 in total (other than a car which must be worth £1,000 or less) and have less than £15,000 of debt.
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