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.
Collins Dictionary of Law © W.J. Stewart, 2006
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.
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).
There were 638 Debt Payment Programmes approved under the Debt Arrangement Scheme (DAS) compared with 662 in the same quarter of the previous year.
There were signs that people struggling with debt in Scotland are seeking to regain control of their finances, with a 4 four per cent increase in the number of debt payment programmes approved under the Debt Arrangement Scheme (DAS) .