Learn about Debt Relief Orders

Who would qualify for a Debt Relief Order?

If you have lived in, had a property or carried on a business in England or Wales in the last 3 years, then you could qualify for a Debt Relief Order.

You would be able to get a Debt Relief Order if:

• You owe less than £15,000.
• You do not have an interest in any property.
• You are unable to meet your debt payments and have a monthly surplus income of less than £50.
• Your assets do not exceed £300 (This is excluding any pension contributions you make to an approved pension scheme*).
• Your vehicle is worth less than £1,000.

You won't be able to get a Debt Relief Order if:

• You are currently bankrupt or are in the process of becoming bankrupt.
• You have an IVA (Individual Voluntary Arrangement) or are currently applying for one.
• You have had a Debt Relief Order in the past 6 years

Find out what you qualify for »