Debt Relief Orders
In certain circumstances, dictated by law, an individual may apply for a Debt Relief Order (DRO).
A DRO has similar restrictions to those imposed by bankruptcy and runs for 12 months. Payments are agreed by the Court and paid on a regular basis. On completion of the DRO all debts incurred before the DRO can no longer be pursued by the creditors.
An individual can apply for a DRO where they are on a low income and have no assets. Home owners cannot apply regardless of the level of equity in their property.
- DISQUALIFICATION OF DIRECTORS
- RESERVATION OF TITLE
- IMPLICATIONS FOR LANDLORDS - TENANT INSOLVENCY
- CORPORATE RESCUE & RECOVERY
- PERSONAL INSOLVENCY
- BUSINESS SALES/PURCHASES FROM INSOLVENCY PRACTITIONERS
- TRUST/PROPERTY ISSUES ARISING FROM INSOLVENCY
- INVESTIGATIONS/RECOVERIES FOR CREDITORS
- TRADING A COMPANY WHILST INSOLVENT
- DEBT RELIEF ORDERS
This case is of particular significance for both Insolvency Practitioners and creditors alike as it shows a gr...
84 Friar Lane
You can obtain the Award for Personal Licence Holders (APLH) once completing your BIIAB Level 2 training, which has been a service provided to Nottinghamshire by Fraser Brown solicitors for over 12 years. ...