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UK Forum
 Debt Relief Orders |
 27.4.2009, 19:32
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 Senior  Group: User Posts: 85 Joined: 3.3.2009 Member No.: 37  |
For those of you who may be wondering what DRO is. Debt Relief Order is a new insolvency procedure introduced by the insolvency service at the beginning of April. It is applicable in cases where a person has debts under £15000, income of less than £50 (after all the expenses have been deducted) and have assets to the value of £300 or less.
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Posts in this topic
Lisa Debt Relief Orders 27.4.2009, 19:32
tellmemore... Is it like a bankruptcy then? And what is the cos... 27.4.2009, 20:31 Lisa Yeap, a DRO is similar to the bankruptcy procedure... 27.4.2009, 23:20 imaster Hmm, interesting... Does it mean that a person wit... 28.4.2009, 22:07 barrydavis That can't be right as it would exclude most o... 2.5.2009, 14:04 bigbird if i remember it correctly, cars dont count as ass... 2.5.2009, 15:26
Lisa Believe, it's correct, bigbird. Also forgot t... 2.5.2009, 16:12  |
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