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Our expert team will help you reduce your debt problem with a Debt Relief Order service and specifically make for people with few assets and a relatively low level of debt. DRO is available only for debtors who have less than u00a31,000 in assets and have less than u00a350 of monthly savings, after paying bills for household and living expenses.
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PENNY SOLVERS Penny Solvers provides the best solutions and services for debts, claims, personal and business loan, IVA, trust deed, energy saving services in the united kingdom.
SERVICES • DEBT MANAGEMT • BANKRUPTCY • IVA • DEBT RELIEF ORDER • TRUST DEED
DEBT RELIEF ORDER DRO is the abbreviation for Debt Relief Order. It is a way to get the debts written off. This is only if the levels of debts are low and if one has only a few assets. In the event that a debtor qualifies for a DRO, a few of the financial institutions are willing to initiate action with their DRO teams. They apply to the Insolvency Service on the debtors behalf. As a part of the procedure followed, debt repayments and interests are frozen for a period of 12 months. In the event that debtor’s financial position does not change during this time, all of the debts included are written off. The financial organization, whose aid the debtor takes, must be approved to help the debtor apply for DRO in the event that he is eligible.
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