| 1. It take many more years. |
1. It takes 60-72 months. |
1. Only for those in Scotland. |
1. Only for those in England, Wales and Northern Ireland |
1. It takes 1 year |
| 2. Creditors can still take legal action |
2. Legal actions are not taken |
2. Legal protection from creditor action |
2. Creditor calls/correspondence stopped once the order is accepted |
2. Legal protection from creditor action |
| 3. Home is less protected |
3. Homes are protected |
3. Assets can be sold off |
3. Homes are protected |
3. Assets can be sold off |
| Interest and charges are not guaranteed to be frozen |
4. Interest are frozen |
4. Interests are not frozen |
4. Additional charges and interest will be frozen on creditor acceptance of a DRO |
4. Interests are not frozen |
| 5. DMP will not write-off any unaffordable debt |
5. Unaffordable Debts written-off |
5. Debts are not written off |
5. Majority of any outstanding balances can be written off completely |
5. Debts are written off after being declared bankruptcy |
