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Debt included in a DRO increases to £20,000

Posted: Fri Nov 27, 2015 10:22 am
by Hayden
As of the 1st October 2015 the amount of debt that can be included in a Debt Relief Order (DRO) increased from £15,000 to £20,000. The value of assets you are allowed to own (excluding your car and exempt household possessions) also increased from £300 to £1000.

This is great news for people on low incomes who are struggling with debt. More information about the DRO solution is available here: Debt Relief Order