NTF Financial Solutions

Debt Relief Order (DRO)

What is a Debt Relief Order (DRO)?

This is a new procedure brought in April 2009 for individuals with less than £15,000 of debt, essentially no assets and no disposable income, having paid all essential expenses.

In these set circumstance you can approach a nominated organisation pay a fee of £90 and they will process your application. The DRO lasts 12 months after which time you are released from your debt.

If you feel that this may be appropriate for you, please contact us or see the Government’s website at www.insolvency.gov.uk.