This Practice Note, produced in partnership with Simon Passfield of Guildhall Chambers, looks at debt relief orders (DROs) which allow eligible debtors with a low income, low amount of debt and low value of assets to apply to the official receiver to be discharged from their qualifying debts after the expiry of one year. A DRO is therefore an alternative process to bankruptcy, and does not result in the realisation of any asset.
This Practice Note, produced in partnership with Simon Passfield of Guildhall Chambers, is one of a series of Practice Notes, and describes Part 9 of the Insolvency (England and Wales) Rules 2016, SI 2016/1024 in relation to debt relief orders (DROs). This Practice Note summarises what changes to procedure and practice will apply to DROs following the coming into force of the new rules on 6 April 2017, and also identifies where there are no changes to pre-commencement practice and procedure other than new rule numbers. This Practice Note has been archived and is not maintained.
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