"Debt Relief Orders are an alternative to bankruptcy for clients who have:
less than £15,000 in unsecured debt
less than £300 in assets and
less than £50 per month disposable income after they have met all their essential expenditure.
Creditors who are included in the DRO will be prevented from taking any action to recover their debts from the client. Generally the debts of the client will be discharged at the end of one year."
Picture Credit: http://bankruptcyandinsolvency.blogspot.com/2009/03/debt-relief-orders-recent-insolvency.html. The Law Society, Chancery Lane.