Revocation of a DPP
The DAS administrator can revoke a DPP.
1Part 8 DAS(S) Regs They must revoke a DPP where a client has:
•submitted a debtor application for bankruptcy, which has been awarded; or
•a trust deed which has gained protected status; or
•died.
The DAS administrator records the revocation date on the DAS Register. This stays on the register for six weeks after the revocation.
The DAS administrator notifies all parties that the DPP is revoked. All payments agreed in the DPP stop. Where a DPP was revoked because the client applied for bankruptcy, which was awarded, or granted a trust deed which has become protected, creditors can reapply any interest, fees and charges to the debt 14 days after the date of revocation. However, this debt is now be included in the bankruptcy or protected trust deed, where applicable. The client’s details are recorded on the Register of Insolvencies, when they are bankrupt or in a protected trust deed.
Where a DPP was revoked upon the death of a client, creditors cannot take enforcement action or reapply interest, fees and charges until six weeks have elapsed from the revocation date.