What is DAS?
If you live in Scotland and are struggling to repay your unsecured debts then you may consider entering into a Debt Arrangement Scheme (DAS).
DAS is debt remedy operated by the Scottish government through the Accountant in Bankruptcy (AiB) that allows you to repay your unsecured debts through a Debt Payment Programme (DPP). This allows you to pay off your debts over an extended period of time while giving you protection from your creditors taking action against you to recover the debts listed in the DPP.
If you have spoken to a DAS-approved money adviser and they say DAS is right for you, when your DAS is approved, all interest, fees and charges are frozen and you are given protection from the threat of any legal action from your creditors over your debt. The DPP can last for any reasonable length of time, resulting in the debts being written off if you fully complete the DPP. DAS is not insolvency. It is the only statutory debt management plan operating in the UK
The DAS Administrator is responsible for the approval of a DPP, the approval of DAS-approved money advisers and payment distributors. They are also responsible for maintaining the DAS register which contains details of DPPs.
You must include all your debts in the DPP application. Your DPP will take into account what you can reasonably pay back at regular intervals based on your disposable income. If you are an individual person applying for DAS there is no limit on the level of debt or the repayment period in a DPP.
There are 5 parties involved in DAS:
- You: someone or a couple who has unsecured personal debts and has agreed to a Debt Repayment Programme (DPP) with a DAS approved money adviser.
- DAS approved money adviser: who will provide additional debt advice and apply for a DPP on your behalf
- Your creditors: someone who you owe money to and has agreed or is obliged to accept payments under a DPP
- DAS Administrator: The Accountant in Bankruptcy who oversees the administration of every DPP.
- Payments distributor: who distribute the money gathered to creditors in line with the agreed DPP
Couples who are each liable for a debt which may be included in a debt payment plan may apply for a joint programme if they are:
- A husband and wife, or living together as husband and wife
- Civil partners
- Living together in a relationship with the characteristics of a husband and wife relationship, except that they are of the same sex
Both applicants must consent to the proposal.