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
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