DRO moratorium
The period during a Debt Relief Order when qualifying creditors are generally restricted from taking enforcement action without permission.
Also known as: DRO
Related terms
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Debt Relief Order (DRO)
A formal personal insolvency solution in England and Wales for eligible people with low income, limited assets and qualifying debts.
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Debt Relief Restrictions Undertaking (DRRU)
An undertaking by a person subject to a Debt Relief Order to accept extended restrictions without the court making a DRRO.
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Approved intermediary
A trained and authorised debt adviser who can help an eligible person apply for a Debt Relief Order in England and Wales.
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