A DRO (Debt Relief Order) is a formal insolvency process for people who cannot pay their debts and who have no assets, a low income with no other access to debt relief and no prospect of the situation improving.
• If you live in England or Wales you may be eligible if you owe less than £20,000 and have less than £1,000 in assets (and a car worth no more than £1,000).
• If you live in Northern Ireland you may be eligible if you owe less than £15,000 and have less than £300 in assets (and a car worth no more than £1,000).
You must also have less than £50 in surplus income per month.
Debt Relief Orders are available through a limited number of approved intermediaries such as the Citizen’s Advice Bureau but intermediaries charge a flat fee which is currently £90.