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What Is A Debt Relief Order - Latest News
What is a debt relief order?
More than eight million people in the UK are currently over-indebted according to a National Audit Office (NAO) report. This means that more than 12% of the population is unable to pay debts or other ... read more
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Debt Relief Orders explained
If you're struggling to pay off your debts because you're on a low income and you don't want to go through bankruptcy, a Debt Relief Order (DRO) may be a better option for you. What is a Debt Relief ... read more
Debt relief orders and penalties
In her article ‘That’s a Penalty Ref’ (Adviser 159) Chauntelle Wright considered different types of penalties and whether these can be included in a DRO. In March 2018 the Insolvency Service issued ... read more
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Relief for McLeod Russel: NCLT modifies status quo order on company’s assets
Providing some relief to debt-laden McLeod Russel, the Kolkata Bench of the National Company Law Tribunal (NCLT) has modified its interim order of “status quo” on the assets of the bulk tea producer. read more
Using Philanthropy to Eliminate Medical Debt (Podcast)
In order to bring awareness to this medical debt problem and ... who were studying the impact of what it was like for a person or a family to have this debt relief. Where do we stand with that? Craig: ... read more
Does Borrowing to Pay Debt Make Sense?
Debt relief can come in many forms ... There are certain scenarios when it can make sense to borrow money in order to reduce debt. But it’s important to understand the conditions of this kind of ... read more
Revealed: How problem debt is forcing hundreds into insolvency
These are individual voluntary arrangements – agreements to pay off debts within a set period of time, and debt relief orders – which can write off debt for some low-income individuals who owe less ... read more
Debt relief worth £2.3bn given over past decade
More than 254,000 debt relief orders have been issued in the past 10 years, helping more than a quarter of a million people stabilise their finances. Since the orders were launched in April 2009, some ... read more
Debt Relief Orders and the debt limit
To qualify for a debt relief order your client must have no more than £20,000 of qualifying debts and meet the other DRO qualifying conditions. In this guide we’ll look at which debts are qualifying ... read more
Student debt is hitting African Americans the hardest. These experts have a plan to fix it.
Ashley Harrington , senior policy counsel at the Center for Responsible Lending To alleviate the black student debt crisis, we must provide relief to the borrowers ... of Wisconsin-Madison We believe ... read more
Understanding Debt Relief
How Debt Relief Works In a number of situations, debt relief may be the only course of action in order to avoid bankruptcy. For example, if a massive debt load makes it difficult to service borrowings ... read more
Revealed: How problem debt is forcing thousands into insolvency
“Others, such as an insolvency solution like a debt relief order, may see a certain amount of debt written off, with attached conditions. “Most importantly, nobody needs to struggle with debt without ... read more