The Debt Arrangement Scheme will not write off your debt.
A Protected Trust Deed can write off up to 70% of your unaffordable debt, or Sequestration (Scottish bankruptcy) could write off up 100% of your debt. If you are experiencing financial difficulty then you should always talk to an experienced debt adviser in order to find out which options are available for you.
There are advantages and disadvantages to all formal debt solutions and should you qualify for a Debt Payment Programme under the Debt Arrangement Scheme, you will reduce your monthly payments down to one affordable monthly amount and freeze all interest and charges.
You will be able to protect your assets such as your home and car amongst other benefits.