As changes to Debt Relief Orders come into force this week, we talk to the Insolvency Services Andrew Shore, who has overseen the change, to find out all you need to know.
- Changes to Debt Relief Orders (DROs) were announced in the 2024 Spring Budget to offer more help to people in debt
- Changes include abolishing the 90 administration fee to obtain a DRO from April 6
- From June, the value of the car a person who wants to obtain a DRO can own will also go up and the total amount of debt which can be covered by a DRO will increase from 30,000 to 50,000
The government announced changes to Debt Relief Orders, in the Spring Budget, to offer more support for people struggling with debt.
We talk to Andrew Shore, Assi…
Read the full article at: https://www.gov.uk/government/news/changes-to-debt-relief-orders-will-support-people-in-financial-distress