Who can apply for a Debt Relief Order?

Applicant must meet the qualifying criteria

Anyone who meets the qualifying criteria can apply for a Debt Relief Order. In order to qualify, you must meet the following conditions -

1. Applicant must be unable to meet their debts
2. Debts must not exceed £15,000
3. Assets must be worth no more than £300 in total (not including motor vehicle)
4. Value of any car they own must not exceed £1000
5. Surplus income should not exceed £50 per month
6. Must not own or have an interest in a property.
7. Applicant must be currently living in England or Wales - or within the last 3 years, have been ordinarily resident OR have a residence in OR have carried on a business in England or Wales
8. You must not currently be an Un-discharged Bankrupt
9. Must not be involved in an Individual Voluntary Arrangement (IVA) or have an Interim Order
10. Must not be subject to a Bankruptcy Restriction Order or Bankruptcy Restriction Undertaking.Must not have been in a Debt Relief Order within the last 6 years
11. Must not currently be subject to a Debt Relief Restriction Order or Debt Relief Restriction Undertaking
12. Must not have a pending Debtor’s Bankruptcy petition - unless the Court has referred for a Debt Relief Order
13. Must not have a pending Creditor’s Bankruptcy petition - unless the creditor has agreed to a Debt Relief Order
14. Must not have entered into a Transaction Undervalue - where property has been disposed of for less than its true value
15. Must not have made a preference to a creditor or a person, over another

If you would like more information please contact us Money Advice Direct on 0800 074 6918 or fill in our form by clicking here.

If you are unsure as to whether an Debt Relief Order is the best way to solve your debt problems please call us on 0800 074 6918.

If you wish to discuss the Debt Relief Order procedure and understand how it can help you please complete the following form or telephone freephone 0800 074 6918.

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Listed below are some of the frequently asked questions relating to Debt Relief Orders

• Introduction to Debt Relief Orders
• What is a Debt Relief Order?
• What debts can be included in a Debt Relief Order?
• What debts are excluded from a DebtRelief Order?
• Is my Hire Purchase affected by a Debt Relief Order?
• Is my Motability Car Scheme affected by a Debt Relief Order?
• Who can apply for a Debt Relief Order?
• What is a Competent Authority?
• What is an Approved Intermediary?
• What is the cost of a Debt Relief Order?
• Why should I consider a Debt Relief Order rather than Bankruptcy?
• How do I apply for a Debt Relief Order?
• Who decides if my Debt Relief Order is approved?
• What if my circumstances change whilst I am in a Debt Relief Order?
• How will my creditors know I am in a Debt Relief Order?
• What happens to interest and charges if I am in a Debt Relief Order?
• Rent Arrears and Debt Relief Order's
• Will I be allowed a reasonable standard of living?
• Debt Relief Order Case Study 1
• Debt Relief Order Case Study 2
• Debts incurred after the granting of a Debt Relief Order
• What are the restrictions of a Debt Relief Order?
• What happens if you are dishonest before or during a Debt Relief Order?
• How will a Debt Relief Order affect you?
• What debts are not covered by a Debt Relief Order?
• Will a Debt Relief Order (DRO) affect my council tenancy as I am in debt?
• Can I apply to the Police if I have a Debt Relief Order (DRO)?
• Does getting a job after getting a Debt Relief Order (DRO) affect me, because I am seriously in debt?