Debt relief orders
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Find out how you qualify for this alternative to bankruptcy.
A debt relief order usually lasts for a year. During that time, none of your creditors will be able to take action against you to get their money back. At the end of the year you'll be free of all the debts listed in the order.
Qualifying
To qualify, your debts must be £15,000 or less and of the following kind:
- Credit cards, overdrafts, loans
- Rent, utilities, telephone, council tax
- Benefit overpayments and social fund loans
- Hire purchase or conditional sale agreements
- Buy now, pay later agreements
Your income must be no more than £50 a month after paying your normal household expenses. Your assets and savings must be worth no more than £300. If you have a motor vehicle, this must be worth £1000 or less, unless it has been specially adapted because you have a physical disability.
In the last three years you must have lived, had a property or run a business in England or Wales.
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