Changes to debt relief orders (DROs)

Changes to debt relief orders (DROs) and the bankruptcy creditor petition limit have been announced. The DRO debt limit will increase from £15k to £20k. The DRO asset limit will increase to £1k, plus a vehicle (worth less than £1k). The maximum surplus income a person can have to qualify for a DRO will remain at £50 per month. The level of debt that can trigger bankruptcy (creditors petition) will rise from £750 to £5,000. This will come in to effect from 1 October 2015.

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