i did a das and one of my creditors has rejected the proposal.will it go for a full and resonable test what happenings if that is rejected where do i go from here.
Hi jd61, if one of the creditors has objected, the Accountant in Bankruptcy will now decide if the proposal is acceptable, under the fair and reasonable test. You will just have to wait. If you have information that you think may help, make sure the money adviser puts that forward for the review, although that should have already been done. Do you know why it was rejected?
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it was for a catalouge i took on items on buy now pay later these was not included on the total figure on my das.
lost my father 3 weeks ago and would just like this to be over with and and get das all set up and going
how kind tda thankyou
As long as you are willing to add in the balance of the BNPL items owed to the catalogue company to your DAS then I imagine there should be no problem jd61. This can easily be done as a variation once the DAS is approved and it is quite common for the DAS Administrator to approve DPPs under the Fair & Reasonable test with this stipulation attached in these circumstances.
As trust deed asistant says, you should speak with your DAS Money Adviser to ensure that they have noted your willingness to do this on the system.