You could write off up to 85% of your unaffordable debt
Catalogue Debts Written Off,Catalogue Debt,What is Catalogue Debt?
Catalogue Debts Written Off,Catalogue Debt,What is Catalogue Debt?

What Happens After 12 Months of a Debt Relief Order?

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Why are we asking this question?
By knowing how much debt you owe, we can ensure we are able to offer you the most appropriate debt solution for your needs. Some debt solutions, like an IVA, require you to owe more than £5,000.

Once agreed, a Debt Relief Order (DRO) provides the candidate with a 12 month period, known as the ‘moratorium’. The idea is that, during this time, your creditors are unable to chase your debt and you are not obliged to make any payments. Read on to find out what happens once that 12 month period has ended.

Once the 12 month period has ended, the debts included in the DRO will be written off as long as your financial situation hasn’t improved

 

To find out more about this, take a look at our Debt Relief Order page.

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