Debt relief order

A debt relief order may be appropriate if you meet the following criteria:

  • you are unable to pay your debts;
  • you have debts of £20,000 or less;
  • you do not have surplus income after expenditure of more than £50 per month;
  • you don’t own your home
  • your assets are worth less than £1,000 (some assets are ignored when working out the value)
  • you don’t own a car worth £1,000 or more, unless it’s one that’s been specially adapted because you have a disability
  • you haven’t had a DRO in the last six years and aren’t going through another formal insolvency procedure, such as bankruptcy or an individual voluntary arrangement
  • you have lived, had a property, or worked in England or Wales in the last three years.