Debt Arrangement Scheme: Returning Funds to the Free Advice Sector

Closes 16 Aug 2019

Opened 28 May 2019

Overview

Accountant in Bankruptcy's (AiB's) 2018 'Building a better Debt Arrangement Scheme' consultation contained proposals to improve the Debt Arrangement Scheme (DAS). The changes include proposals that all debt payment programmes under the scheme will pay the same flat rate fee, and that AiB should be able to be a payment distributor (PD).

It is proposed that where AiB is nominated as PD, it will charge the statutory administration fee for this function but will only seek to recover its costs. Any excess funds will be re-invested in the free money advice sector.

Opinion is sought on which of the options detailed in this consultation would work best and why.

Why We Are Consulting

We welcome comments from anyone in the wider DAS stakeholder community who wish to respond to this consultation and AiB will take forward detailed discussions on the options detailed in this paper with those most likely to be affected directly.

Read the consultation paper.

Give us your views

Audiences

  • People of Scotland

Interests

  • Economy