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Scottish Trust Deed Forum
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Topic starter
21/10/2010 11:42 am
Hi Guys
Can you tell me the difference between a DSA and a DMP. I am currently in a DMP, but don't know if a DSA would be better if I fit the criteria?
Thanks.
21/10/2010 12:16 pm
Hi didi3005,
Do you mean DAS (the Debt Arrangement Scheme)?
Assuming that it the case, a short summary might be that DAS is a more formal alternative to a DMP (debt management plan). The primary advantages are a guarantee of interest being frozen and protection from legal recovery action by creditors.
The following link will take you to our Debt Arrangement Scheme (DAS) page with a lot more detail about what exactly DAS is and how it works. It was actually recently written for us by the Accountant in Bankruptcy (Scotland's Insolvency Service) and is very thorough:
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
