About

What is DAS?

DAS is not bankruptcy, it is a government-run debt management tool which allows someone in debt to repay their debts through a debt payment programme (DPP). The DPP will allow a debtor to pay off their debts over an extended period of time while giving them protection from their creditors taking action against them to recover the debt in the DPP. The DPP can last for any reasonable length of time and, if approved, will freeze all interest, fees and charges on the debt included, resulting in them being written off if the debtor fully completes the DPP.

Who is involved in DAS?

There are five parties involved in DAS  

• the debtor: someone who has personal debts and has agreed to a DPP with a DAS approved money adviser
• DAS approved money adviser: who will provide debt management advice to the debtor and apply for a DPP on behalf of a debtor
• creditor: someone who is owed money and has agreed or is obliged to accept payments under a DPP
• DAS administrator:  who is responsible for the approval of a DPP, the approval of money advisers and payments distributors and maintaining the DAS register which contains details of DPPs
• payments distributor: who distribute the money gathered to creditors inline with the DPP