Articles => Debt Relief Orders (DRO)
DRO solution for people who can afford less than £50/month
Published on Tuesday, 1st of March 2011 by Iain Wrenshall. This article has previously been viewed 241 times and was last read on Saturday, 19th of May 2012 at 07:09:01.
Debt Relief Orders are debt solutions for people who can afford less than £50/month. The main concept behind DRO's are that they are a low cost alternative to Bankruptcy or IVA's.
Typically, people would require a monthly surplus of around £150 or more to enable them to do an IVA.
People who can afford more than £50/month but less than £150/month either have the option of doing a Debt Management Programme or going Bankrupt - these are, in reality, the only 2 viable debt solutions open to them at this stage.
