What is a DRO intermediary?
You can only apply for a DRO through a specialist DRO adviser, also called an 'approved intermediary'. This is usually a skilled debt adviser who has been given permission to complete the forms and give advice on DROs. They will check that you're eligible to apply and that a DRO is right for you.
How do I check my DRO?
If you can't remember when your DRO ends, you can check your entry in the Insolvency Service's register. This will show the end date of the DRO period. Check your entry on the Insolvency Service's register at www.bis.gov.uk/insolvency.
What does Official Receiver check for DRO?
The DRO will usually last for 12 months. The official receiver will: tell you the DRO has been made and explain the restrictions and duties that it imposes on you. tell all the creditors listed in the DRO that it has been made, and that they can't ask you to repay your debt to them.
How long after a DRO can I get credit?
How do I start a DRO?
How to get a debt relief order
- Step 1: find a DRO adviser. You can only apply for a DRO through a specialist DRO adviser, also called an 'approved intermediary'. ...
- Step 2: work with the DRO adviser to make your application. ...
- Step 3: pay the fee. ...
- Step 4: the official receiver makes a decision.
Can I do my own debt relief order?
You can't apply for a debt relief order (DRO) application on your own. Your application must go through an intermediary approved by the Insolvency Service, like ourselves. A debt relief order (DRO) is a form of insolvency designed as a low cost alternative to bankruptcy.
Do I qualify for DRO?
To be eligible for a DRO, you must meet these criteria: you owe £30,000 or less. you have less than £75 to spend each month, after paying tax, national insurance and normal household expenses. you've lived or worked in England or Wales in the last 3 years.
How do you get a debt written off UK?
If you cannot pay off your debt
You can apply for a Debt Relief Order or Bankruptcy Order if you cannot pay your debts because you do not have enough money or assets you can sell. If you cannot pay off your debts, you can be made bankrupt.