The DAS Administrator will automatically revoke a debt payment programme (DPP) if the debtor applies and is awarded bankruptcy or signs a trust deed which becomes protected. The debtor’s details will be removed from the DAS Register and recorded instead in the Register of Insolvencies. If the DPP is revoked, the DAS Administrator will notify of the revocation in writing to all parties. The debtor will be liable for all interest, fees, penalties and other charges that would have been payable had the DPP not been approved.
There are a number of grounds where the debtor, a money adviser acting on behalf of the debtor or a creditor in the DPP can apply to revoke a DPP. These grounds include where
The application for revocation must be made on a statutory form 5 and sent to the DAS Administrator for consideration.
The DAS Administrator will notify all parties if they intend to revoke the DPP, giving them a period of at least four weeks in which to feedback any comments to the DAS Administrator. The DAS Administrator will consider the following factors when considering whether to revoke the DPP
All parties will be given notice of the DAS Administrator’s decision.
If an application is revoked all details will come off of the DAS register straight away.
Please note If a joint DPP is revoked on the grounds of separation, creditors cannot enforce diligence and must continue to freeze all interest and charges for a period of six weeks immediately following the revocation of a joint DPP.