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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