When Debt Relief Orders (DROs) become available next month it will be tough luck if they force banks to write off loans and bad credit, it is stated.

They will give people with debts of up to £15,000 the chance to have them wiped out, as long as they meet certain conditions.

Designed to catch people before they get even deeper into debt through poor financial services and management, DROs will be available to those with assets of less than £300 and a disposable income of under £50 a month.

The Mirror comments: "They [banks] should have been more discerning about who they lent to, rather than throwing money at every Tom, Dick and Harry without checking carefully whether or not they would be able to repay what they borrowed."

When a DRO is made, the debtor will face certain restrictions, such as not obtaining credit of £500 or more and not carrying on a business in a different name.

A DRO cannot be granted if the person is currently involved in another formal insolvency procedure at the time, such as an Individual Voluntary Arrangement.