What, exactly, is a Debt Relief Order?

The following is a guest post from Debt Advisory Line.

The numbers of those in danger of defaulting on their debts have long reached worrying levels all across the UK. 13,653 people were declared bankrupt in England between July and September 2010. Faced with these troublesome developments, the UK government was forced into action. In April of 2009, it introduced Debt Relief Orders as a new procedure aimed at offering an alternative to bankruptcy. The move can certainly be considered a success: Today, debt relief orders are generally regarded as a powerful tool and have proven their efficacy. You, too, could benefit from them.

Read moreWhat, exactly, is a Debt Relief Order?