Who is involved in DAS/ Business DAS

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.

Who is involved in business DAS?

There are five parties involved in business DAS:

  • the debtor: a partnership, trust or unincorporated body of persons who has debts and has agreed to a DPP with an Insolvency Practitioner
  • Insolvency Practitioner: 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

Further information on business DAS is available in the publications section, guidance section or forms section.

 
 

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Money Advisers

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