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Apply for a Debt Relief Order in the UK? CALL : 03338803165

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  Apply for a debt relief order is often known as DRO, it is a one kind of way to clear all your debts. This is generally suitable for people with a comparatively low level of debt, & comparatively few properties as well as assets. (i.e. valuable belongings of value like a house or car). If a debt relief order is the right choice for you, this might be a simpler as well as a cheaper option to bankruptcy.   And , if you are successful in the application, a debt relief order means you won’t need to pay back certain debts. But, at the end of the debt relief order period (generally 1 year), any debts involved within the debt relief order will be discharged so you won’t need to repay them at all.   In order to be eligible you should meet all the below mentioned criteria:   ●      The debts are not more than 20,000 pounds ●      you have not had a debt relief order in the last six years ●      you have worked or stayed in UK for last 3 years ●      you aren't a hom
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Which debts can be included in an IVA?

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 An IVA which is generally known as Individual Voluntary Arrangement is a formal as well as legally-binding settlement process conducted between you & your lender to repay your debts over a certain time. The Individual Voluntary Arrangement should be set up by a professional insolvency practitioner. An Individual Voluntary Arrangement can be flexible to match all your requirements however it can be quite costly & there are a number of risk factors to consider. The majority of the debts can easily be paid off via an Individual Voluntary Arrangement but there are certain exceptions too!!!   Debts you can easily incorporate When you get an Individual Voluntary Arrangement you can incorporate:   ●      catalogues ●      store cards ●      overdrafts ●      Council Tax arrears ●      credit card ●      payday loans ●      personal loans ●      tax credit or benefit overpayments ●      gas and electric arrears ●      water arrears ●      national insu
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