The IMA is a DRO competent authority which means that if you are a member of the IMA you will be able to apply to us to be approved as a DRO intermediary.
Background to Debt Relief Orders
DROs came into force on 6 April 2009. In contrast to other forms of debt relief, they are not available through the court system. Instead the orders are made by an Official Receiver at an office in Plymouth. An application for a DRO can be made online through an authorised intermediary who is an approved, skilled debt adviser.
Once an order is made, creditors who are included in the DRO will then be prevented from taking any action to recover or enforce their debts against the debtor. Generally, those debts will be discharged at the end of one year.
For eligibility criteria and more information on DROs, follow this link: https://www.gov.uk/options-for-paying-off-your-debts/debt-relief-orders.