Accountant in Bankruptcy's (AiB's) 2018 Building a Better Debt Arrangement Scheme consultation contained proposals to improve the Debt Arrangement Scheme (DAS).
The changes include proposals that all debt payment programmes under the scheme will pay the same flat rate fee and that AiB should be able to be a payments distributor. A summary of responses was recently published
It is proposed that where AiB is nominated as payments distributor, it will charge the statutory administration fee for this function but will only seek to recover its costs. Any excess funds will be re-invested in the free money advice sector.
Opinion is sought on which of the options detailed in the consultation would work best and why.
The consultation paper can be accessed on the Scottish Government Consultation Hub.
The consultation will close on 16 August 2019