Closes 25th February 2021
Debt Relief Orders (UK)
The UK’s personal insolvency regime seeks to balance the need to provide debt relief to individuals in inescapable financial difficulties, giving them a ‘fresh start’, whilst making a return to creditors from the assets and income of the individual.
There are a number of different options available to help individuals in financial difficulty, ranging from informal arrangements with creditors to solutions within the statutory framework (including individual voluntary arrangements (IVAs), bankruptcy and debt relief orders (DROs)).
This consultations seeks your views on the future of these and howthey can be improved.