Plans to change the Debt Arrangement Scheme (DAS) have been dropped by the Scottish Government.
New regulations for Debt Arrangement Schemes (DAS). No longer necessary to meet with a Money Advisor. Minimum monthly payment introduced.
The number of bankruptcies in Scotland skyrocketed 140 per cent in 2008-2009 compared to 2007-2008, official figures from the Accountant in Bankruptcy (AiB) reveal.
Students taking on increasing amounts of commercial debt in Scotland. Repayment rates relatively high. Student’s studies could be damaged.
Creditors and debt buyers will be unable to recover debts through the Scottish courts unless they have copies of regulated agreements, under new rules.