Business DAS

What is Business DAS?

How does it work?

Who is involved in Business DAS?

Guidance and publications

How to apply?


What is Business DAS?

Business DAS is a statutory debt management tool introduced by the Scottish Government to help partnerships, trusts or unincorporated body of persons which are in debt to repay their creditors.

A debt payment programme under Business DAS will allow the business to pay off their debts over an extended period of time while giving them protection from creditors taking action against them to recover their debts.

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How does it work?

Under Business DAS, a debt payment programme can only last for a maximum of five years but if approved, it works the same way as a personal DAS in that it will freeze all interest, fees, penalties or other charges on the debt, resulting in them being written off if the debtor fully completes the programme.

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Who is involved in Business DAS?

There are five parties involved in Business DAS:

  • The debtor: this has to be a partnership, trust or unincorporated body of persons which has debts and has agreed to a debt payment programme with an insolvency practitioner

  • DAS approved Insolvency practitioner: provides debt management advice to the debtor and apply for a debt payment programme on behalf of a debtor

  • Creditor: someone who is owed money and has agreed or is obliged to accept payments under the programme

  • DAS Administrator: responsible for the approval of a debt payment programme, the approval of money advisers and payments distributors and maintaining the DAS Register and DASH

  • Payments distributor: distributes the money gathered to creditors

To discuss whether you are eligible to apply for a Business DAS, you should talk to a registered DAS approved insolvency practitioner who will provide debt management advice and make an application on your behalf.

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How to apply?

Similar to individual and couples, Business DAS must be applied for through the help of a DAS approved adviser. However, due to the nature of Business DAS, this adviser must be a qualified insolvency practitioner.

However, there are exclusions to Business DAS, these include:

  • Limited or public companies

  • Not formed under Scots law

  • Those established or carrying on business outside of Scotland

To apply for Business DAS, visit a money adviser near you.

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