The DAS team has produced guidance to give money advisers a better understanding of how the fair and reasonable test works.
Debt payment programme applications are sent to every creditor and they're given the opportunity to accept or reject the proposal. If any creditor rejects the proposal, the DAS Administrator can still approve a programme if it's considered fair and reasonable.
Another instance where a case will go for a fair and reasonable test is if there is only one debt in the programme, and the creditor has not responded.
This guidance provides a general background on how the fair and reasonable test works and the different factors taken into consideration when determining whether a debt paayment programme should be approved.