Get the free Debt Relief Order - Institute of Money Advisers
Show details
V14.0October 2015www.bis.gov.uk/insolvencyIntermediary Guidance Notes to Complete the Online
Debt Relief Order
Application Form1CONTENTS
PART I: INTRODUCTION3Background to Debt Relief Orders3Criteria
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign debt relief order
Edit your debt relief order form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your debt relief order form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit debt relief order online
Follow the steps down below to use a professional PDF editor:
1
Create an account. Begin by choosing Start Free Trial and, if you are a new user, establish a profile.
2
Upload a file. Select Add New on your Dashboard and upload a file from your device or import it from the cloud, online, or internal mail. Then click Edit.
3
Edit debt relief order. Rearrange and rotate pages, add new and changed texts, add new objects, and use other useful tools. When you're done, click Done. You can use the Documents tab to merge, split, lock, or unlock your files.
4
Get your file. When you find your file in the docs list, click on its name and choose how you want to save it. To get the PDF, you can save it, send an email with it, or move it to the cloud.
It's easier to work with documents with pdfFiller than you can have believed. You may try it out for yourself by signing up for an account.
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out debt relief order
How to fill out debt relief order
01
To fill out a debt relief order, follow these steps:
02
Gather all your financial information, including details of your income, expenses, and debts.
03
Contact a debt adviser or a debt relief order intermediary for guidance and assistance.
04
Complete the necessary application form provided by the Official Receiver or the Insolvency Service.
05
Provide accurate and detailed information about your financial situation, including your income, expenses, assets, and debts.
06
Provide supporting documents such as proof of income, bank statements, and details of your creditors.
07
Pay the required application fee, which is currently £90.
08
Submit your completed application form, supporting documents, and application fee to the Official Receiver or the Insolvency Service.
09
Await a decision from the Official Receiver or the Insolvency Service regarding your eligibility for a debt relief order.
10
If approved, comply with the terms and conditions of the debt relief order, which may include making monthly payments for a specified period of time.
11
After the debt relief order period, which is usually 12 months, your debts included in the order will be written off, providing you with a fresh start.
Who needs debt relief order?
01
A debt relief order (DRO) is suitable for individuals who are unable to repay their debts and meet the following criteria:
02
Have a total debt of £20,000 or less.
03
Have £50 or less disposable income each month after paying for essential living expenses.
04
Do not own assets exceeding £1,000, except for a motor vehicle worth up to £2,000.
05
Live in England, Wales, or Northern Ireland.
06
Have not been granted a DRO in the last 6 years.
07
Have not been involved in any other formal insolvency procedures, such as an Individual Voluntary Arrangement (IVA) or bankruptcy, in the past 6 years.
08
Have not been subject to a bankruptcy restrictions order or undertaking.
Fill
form
: Try Risk Free
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
How can I modify debt relief order without leaving Google Drive?
You can quickly improve your document management and form preparation by integrating pdfFiller with Google Docs so that you can create, edit and sign documents directly from your Google Drive. The add-on enables you to transform your debt relief order into a dynamic fillable form that you can manage and eSign from any internet-connected device.
How do I edit debt relief order on an Android device?
You can make any changes to PDF files, such as debt relief order, with the help of the pdfFiller mobile app for Android. Edit, sign, and send documents right from your mobile device. Install the app and streamline your document management wherever you are.
How do I fill out debt relief order on an Android device?
Use the pdfFiller mobile app to complete your debt relief order on an Android device. The application makes it possible to perform all needed document management manipulations, like adding, editing, and removing text, signing, annotating, and more. All you need is your smartphone and an internet connection.
What is debt relief order?
Debt relief order is a formal insolvency procedure that helps people who are unable to pay their debts and have a low income and assets.
Who is required to file debt relief order?
Individuals in England, Wales, and Northern Ireland who have total debts of less than £20,000, very low income, and assets worth less than £1,000 are required to file debt relief order.
How to fill out debt relief order?
To fill out a debt relief order, individuals must seek advice from a debt advisor who will assist in gathering necessary information, completing the necessary forms, and submitting the application to the Insolvency Service.
What is the purpose of debt relief order?
The purpose of debt relief order is to provide individuals with a fresh start by legally writing off their qualifying debts after a 12-month period.
What information must be reported on debt relief order?
Debt relief order must include details of the individual's debts, income, assets, and living expenses.
Fill out your debt relief order online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Debt Relief Order is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
