Debt Arrangement Scheme interim response published

Following feedback from stakeholders across the debt and money advice sectors, AiB has published its proposals for a series of changes to enhance and improve the Debt Arrangement Scheme.

AiB is very grateful to all those who took the time to respond to this consultation. There was broad agreement that the changes introduced to DAS in recent years met their intended outcomes, while a number of improvements were suggested and AiB has been carefully considering the extent to which these recommendations can be accommodated.

Having considered all these suggestions from stakeholders, this review document identifies the legislative changes which AiB believes will further enhance DAS. However, there is one specific area where AiB is considering options and would welcome further views, around introducing additional flexibility to the level of contribution from surplus income as assessed by the Common Financial Tool. 

Read the Debt Arrangement Scheme 2016 review consultation interim response.

Anyone with any views on this is encouraged to complete Annex B and the Respondent Information Form in this review document and submit them to AiB Policy Development or to: Carol Kirk, AiB, 1 Pennyburn Road, Kilwinning, Ayrshire, KA13 6SA by 18 August 2017.

For additional information please see the summary of responses published July 2016.

Debt Arrangement Scheme Consultation 2016 - summary of responses