Debt Payment Programme

Debt Payment Programme (DPP)

in Scotland, an agreement that allows the debtor to pay his debts over an extended period of time. The programme can be for any amount of money or for any reasonable length of time. If creditors all agree or are deemed to have agreed the debt payment programme under the DEBT ARRANGEMENT SCHEME is agreed automatically. Creditors are bound by the DPP as long as the debtor complies. If creditors do not consent or object then the Debt Arrangement Scheme administrator or a sheriff can still approve the DPP if it is fair and reasonable to do so.
References in periodicals archive ?
It works by using a Debt Payment Programme through which debtors make a set and affordable monthly payment, paid back over an extended period.
The debt payment programme was flexible enough for Sharon to take maternity leave for six months, allowing the couple to get back on their feet and back to work after their daughter was born.
The tears of real anguish the mother had been crying when she came in had genuinely turned to tears of joy when they realised we could help them set up a Debt Payment Programme under the Debt Arrangement Scheme, which was going to give them the legal protection they needed while they got back on their feet.
It is designed to help individuals and couples repay their debt through a debt payment programme over an extended period of time.
969 DAS debt payment programme cases have already been completed in the first three quarter of 2015-16, which is 73 more than the whole of 2014-15.
More and more people are turning to a Debt Payment Programme (DPP) under the DAS to pay back mounting debts.
THE Debt Arrangement Scheme is the only Scottish Government-backed debt management initiative that allows someone to repay his or her debts through a Debt Payment Programme (DPP).
Approved debt payment programmes under the Scottish Government-backed Debt Arrangement Scheme were practically identical compared to a year ago, falling by just one from 663 to 662.
There were 597 debt payment programmes (DPPs) approved under the Debt Arrangement Scheme (DAS) compared with 511 in the same quarter of 2016-17.
Almost 500 debtors paid off their debts in full through DAS, with 482 DAS debt payment programmes completed, up from 423 in the previous quarter and the 364 completed in the same quarter a year ago.