New Debt Arrangement Scheme Consultation goes live

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DAS - The Way Forward was published by AiB in March 2018 in response to the 2016 and 2017 Debt Arrangement Scheme (DAS) consultations.  The proposed improvements to DAS were subsequently introduced in regulations which came into force on Monday 29 October 2018.  The document also identified further potential changes aimed at enhancing the DAS process.

This summer, AiB set up a regulatory review working group to address the issues outlined in The Way Forward and consider options to increase the uptake of DAS and reduce bureaucratic burden.  Full details of the group, the discussions and minutes can be found here. 

Feedback from the group helped AiB identify a range of options to improve existing DAS processes, leading to today’s launch of the Building a Better DAS consultation paper. This consultation focusses on specific topics for discussion, so you may wish to refer to The Way Forward for additional background information. 

DAS Consultation 2018 - Building a Better Debt Arrangement Scheme

Responses should be sent to Lisa Ledingham-Park, DAS Team Leader, 1 Pennyburn Road, Kilwinning, Ayrshire, KA13 6SA no later than Thursday 24 January 2019.  If you have any questions or require clarification of terms, please contact Lisa or Kelly Donohoe, Head of DAS and Trust Deeds.