The Insolvency Service has said that around 5,000 people appear to have started the process to apply for a Debt Relief Order but did not go on to complete their application
A significant change in debt regulations last year could see thousands of UK residents pocket a £90 refund. The administrative fee for setting up a Debt Relief Order (DRO) was scrapped in April 2024.
A DRO offers a respite from debt payments for a year and stops creditors from hounding debtors. Before its abolition, there was a £90 charge to set up a DRO.
The Insolvency Service has found that many started the DRO process but did not see it through, making them eligible for the £90 fee refund….
