Government proposals to widen eligibility criteria for DRO’s
DROs are a type of formal personal insolvency in England and Wales, sitting alongside bankruptcies and IVAs (Individual Voluntary Arrangements).
DROs tend to be a low cost solution aimed at people who have smaller amounts of debt but no realistic prospect of paying it off. They protect people from creditor action and after 12 months the debts within the order are written off.
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