MLM Debt Solutions will review your financial circumstances and work with you to prepare a budget showing what you can realistically afford to pay towards your debts on a monthly basis.
Once your circumstances have been assessed, and your budget agreed, we will prepare the DPP and submit it to your creditors for approval.
Creditors will then have 21 days to formally object and if no objections are received it is submitted to the DAS Administrator (the Accountant in Bankruptcy) where it automatically obtains approved status. If any of your creditors do object, then the DAS Administrator has the authority to overturn this objection if they consider the proposal to be ‘fair and reasonable’ to all parties concerned.
Further advice in relation to the Debt Arrangement Scheme can be found at the Accountant in Bankruptcy (AIB) website: https://www.aib.gov.uk/debt-arrangement-scheme
If you are considering the Debt Arrangement Scheme you should contact us for an initial consulatation.
SPECIALISTS IN DEBT ARRANGEMENT SCHEMES