Newer version available

There is a newer version of this publication available:
Debt Advice Handbook Scotland 1st ed - with new material

3. The Debt Arrangement Scheme

• The parties involved
• The client
• The creditor
• Payments distributors
• The DAS administrator
• The debt adviser
• Preparing the application
• Moratorium on diligence
• Eligibility for a debt payment programme
• Joint applications
• Preparation for an application for a DPP
• The application
• The request to creditors to consent to the DPP application
• Rejection of a DPP proposal
• The effect of approval of a DPP on the client
• The effect of approval of a DPP on creditors
• Administration process following approval of the DPP
• Administering a DPP
• General
• Application for a variation
• DAS administrator to apply for a variation
• Notification of a variation
• Revocation of a DPP
• Application for revocation
• Determination of a revocation
• Revocation of a joint DPP
• Completion of a DPP
• Composition

The Debt Arrangement Scheme (DAS) allows someone in debt to repay their debts in full through a Debt Payment Programme (DPP). Payments are made over an extended period based on what they can afford. Creditors can still take court action against the client during DAS but not enforce it through diligence. It is the only statutory debt management plan in the UK. It is not insolvency.