Have you been through a debt relief order?

The government is looking into debt relief orders (DROs) and wants to hear from people who have had debts cancelled using one.

There are two ways to have your say before Thu 9 Oct.

1) Take the quick (and anonymous) survey

2) Respond to the full call for evidence by emailing [EMAIL="DROandBankruptcyPetitionReview@insolvency.gsi.gov.uk"]DROandBankruptcyPetitionReview@insolvency.gsi.gov.uk[/EMAIL]

This covers a few more issues, such as:

• Whether the existing limits for DROs are appropriate and if not what should the levels be set at. Some of the limits are:
  - Assets have to be under £300
  - Debt less than £15,000 and
  - Spare income (after all bills and other expenditure) has to be less than £50 per month;
• The design of the system including whether the system of approved intermediaries (e.g. Citizens Advice and StepChange) to help you apply for a DRO is working well
• Whether DROs have given you a fresh start and financial rehabilitation

Bankruptcy limits

The consultation is also looking at the limit set for bankruptcy and whether this should be increased. Currently your debts have to be over £750 before a creditor can petition the court for bankruptcy.

The government wants to know whether you think this is set at the correct level. Email it using the address above if you have a view.

You can also click reply to share your thoughts below.

If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our Forum Intro Guide

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