There are some things which may prevent you from getting a debt relief order. These include:
- if you are currently bankrupt
- if you have an Individual Voluntary Arrangement (IVA) or are applying for an IVA
- if the companies you owe money to (your creditors) have applied to make you bankrupt but the hearing hasn’t taken place. (If your creditors agree however, you may still be able to apply for a DRO.)
- if you have been given a Bankruptcy Restrictions Order or Undertaking
- if you have petitioned for bankruptcy but your petition has not been dealt with to date – unless the judge has referred you for a debt relief order instead.
- if you have already had a debt relief order in the last six years
- if you have been given a Debt Relief Restriction Order or Undertaking.
For more details on whether you can get a debt relief order, ask your authorised adviser.