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Debt Advice Recovery Farleys Solicitors

Debt Relief Orders

Legal Advice on Debt Relief Orders

For those facing financial hardship, with debts under £20,000 and minimal disposal income, this is a process available to you. At Farleys we offer advice and guidance on how best to formulate your application and navigate this process, which can be daunting.

What is a Debt Relief Order?

A debt relief order (DRO) is an alternative formal individual insolvency procedure, similar to an IVA. It gives you one year’s protection from creditors enforcing their debts without permission from the Court. You are then discharged from your liability for those debts. To be eligible for a DRO you must:

Contact a Debt Relief Order Specialist

You can speak to one of Farleys’ personal insolvency team, who will be able to determine whether you are eligible for a DRO. We will then assist you with your application to be submitted to the Official Receiver, who charges £90 to process your application.

contact a corporate recovery solicitor

If you are looking for more information or guidance in respect of debt relief orders please get in touch on 0333 331 4380.

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