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What is a Debt Relief Order
Manage episode 452658557 series 3602995
Kandungan disediakan oleh Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Todd Davis and Kia Thompson, Todd Davis, and Kia Thompson atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
In this episode we explain Debt Relief Orders (DROs), a debt management plan for individuals in England, Wales, and Northern Ireland with low income and assets under £1000. A DRO allows for debt write-off after 12 months, offering protection from creditors and affordable repayments. Eligibility criteria include total debt under £20,000 and disposable income below £50 per month. The article details the application process and benefits, ultimately advising readers to seek professional advice before applying.
35 episod
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