Once we have gathered information for all your debts we’ll issue DPP proposals to each of your creditors. They then have 3 weeks to agree to the proposal.
• If all of your creditors agree to your DAS application, the DPP will be accepted and you will then be approved.
• If any of the creditors object to your application then it’ll be submitted to the DAS Administrator (this is the AiB) for a ‘fair and reasonable’ test. They’ll have the final decision on whether or not to approve your DPP. If your application wasn’t approved, we’ll contact you and discuss other solutions to help. Remember, 99.9% of our proposed Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme are typically approved by creditors.
When your DAS application is approved, you’ll have 42 days to make your first payment.
If any of the people you owe money to contact you before your Debt Payment Programme under the Debt Arrangement Scheme is approved just let them know your plan is being set up and we’ll be in touch with them soon.