The Government is introducing the following changes to DROs in England and Wales (with Scotland and Northern Ireland to receive equivalent Barnett Consequential funding):
- From 6 April, the £90 administration fee will be permanently removed.
- From 28 June, the maximum amount of debt that an individual entering a DRO can hold will be increased from £30,000 to £50,000. In addition, the value of single motor vehicle that can be disregarded from the total value of assets an individual seeking a DRO is permitted to own, will also be increased from £2,000 to £4,000.
Ashford Advice are registered intermediaries for debt relief orders. Subject to meeting the eligibility criteria you will be offered face to face advice, and we will submit your application without any fees