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MRT 1 · Orders for Debt Relief
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Orders for Debt Relief

DRO eligibility criteria, why a homeowner cannot use a DRO, and how it differs from bankruptcy.

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Orders for Debt Relief

DROs are a simpler, cheaper alternative to bankruptcy for people with low income and few assets.

Question 3

True or false?

DROs are a simpler, cheaper alternative to bankruptcy for people with low income and few assets

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Key points

Question 5

Which term matches: "debts under £30,000; assets under £2,000 (excluding vehicle up to £4,000); disposable income under £75/month Fee: £90 (paid to Official Rece…"

Question 6

What does "If circumstances unchanged after 12 months" mean?

Question 7

Type the term that means: "debts under £30,000; assets under £2,000 (excluding vehicle up to £4,000); disposable income under £75/month Fee: £90 (paid to Official Rece…"

Question 8

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

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Key figures

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What the exam tests

DRO eligibility criteria, why a homeowner cannot use a DRO, and how it differs from bankruptcy.

Question 11

True or false?

DRO eligibility criteria, why a homeowner cannot use a DRO, and how it differs from bankruptcy