More than 254,000 debt relief ordershave been issued in the past 10 years, helping more than a quarter of a million people stabilise their finances.
Since the orders were launched in April 2009,some 2.3bn of debt relief has been granted to helppeople who have few assets and little surplus income, The Insolvency Service has revealed.
Those needing a DRO apply through an authorised debt adviser at organisations such as Citizens Advice, StepChange and PayPlan, who submit applications to The Insolvency Service on their behalf.
Paula Hogarth, who manages StepChanges DRO team in Birmingham, said: “While they are only suitable for a minority of people, and it is important that people go through debt advice to work out what is best for their own pa…
Read the full article at: https://www.ftadviser.com/your-industry/2019/04/08/debt-relief-worth-2-3bn-given-over-past-decade/