Debts can pile up in our life. Sometimes, it may not be manageable for us. Do not feel frustrated when you are in this crisis. You can choose a Debt Relief Order as the ultimate solution. We are one of the prominent companies in the UK to help you with DRO. Our debt relief company will save you while you are struggling to manage debts.
Debt Relief Order is a formal process of declaring personal insolvency, and it is cheaper than bankruptcy. We help you to get the approval of your DRO application. It will ensure that your creditors will not be able to take any against you to recover their money. But, recently, there is a modification in the qualification criteria. Consult our professionals to know your potential to apply for DRO. Our debt advisers will learn about your issues and relieve you from creditors.
The approval of DRO will freeze debt repayments for about 12 months. When you find that there is no change in your financial condition in a year, you can write off your debts. Our reliable organisation will help you in the overall process.
Your first step is to make sure that you will be eligible for DRO. You can communicate with our debt management professionals to know it.
When we find DRO as the right alternative to solve your debt issue, we will send the relevant forms.
Our team will prepare your DRO application. Before submitting the application, you need to pay an amount. Residents in Wales and England have an option for paying it in instalment.
The Insolvency Service will inform you about its application within 10 working days.
DRO is not intended for debts, like-
Thus, you have to inform us about the type of debts you have. Then, we will decide on submitting your application.
DRO is intended for covering personal liabilities for your debt. With DRO, you cannot protect any other person who has some liability for the owed amount.
For instance, when you have a joint debt, another person will continue repaying the amount. However, in the case of the guarantor loan, the creditor may continue to chase the guarantor for repayment.
Do you like to know more about Debt Relief Order? Consult our team and get the best help.