A debt management plan (DMP) is an informal arrangement to repay your debts through affordable regular payments, usually arranged with a debt advice organisation; creditors do not have to accept it or freeze interest. A debt relief order (DRO) is a formal insolvency solution for people meeting specific limits on debts, income and assets, and qualifying debts may be written off after the order period if the conditions are met. A DRO has legal restrictions and can affect your credit record, while a DMP does not usually write off what you owe. An approved debt adviser can assess your circumstances, and you can check current criteria on GOV.UK.