Posted 23 Aug, 2019 | Finance
How long does a debt relief order in UK take to process ?Add Answer
Obligation Relief Order (DRO) are one approach to manage your obligations if you owe under £20,000, don't have much save salary and don't possess your home.
On the off chance that you get one:
• your leasers can't recuperate their cash without the court's authorization
• you're generally liberated ('released') from your obligations following a year
You need to prepare a lot before applying to DRO as you need to submit the proofs of your debts, income & expenditure which include the following:
4.Car valuation or Hire purchase agreement
5.Recent documents showing your debt amount
And some other necessary proof of documents.