The first Debt Relief Order (DRO) was approved 10 years ago in April 2009 with the aim of assisting people with small levels of assets and little surplus income deal with their debts*.
Since then, the Insolvency Service has approved more than 254,000 DROs to people with debts worth an average of 9,400.
People apply for a DRO through an authorised debt adviser, from organisations such as Citizens Advice, StepChange and PayPlan, who submit applications on-line to the Official Receiver on their clients behalf.
Approximately 99% of DROs are approved within 48 hours of the application being received into the team in Plymouth and 2018 saw the Insolvency Service issue approximately 312 million of debt relief the largest amount for a…
Read the full article at: https://www.miragenews.com/23-billion-debt-relief-granted-in-10-years-of-dros/