All depends on your circumstances....

Depends what you mean by 'easier'?

However, since you've signed up for a DAS you really need to find out exactly where it stands before you do anything else.

The best way to do that is to speak to your moneyadviser. But you could also check on the DAS Register.

It really does depend upon your circumstances as Porcupine has said. It also depends upon your personal attitude towards a few things.

With debts totalling less than £4000, and a disposable income of £100, I think there is a good argument for avoiding a personal insolvency like a Scottish trust deed (if you could find a firm to take the case on, which you may well not be able to).

What do you mean might not be able to, I dont understand

I think TDA may mean the disposable income payable over 36 months for a trust deed might not cover the fees for the trustee as well as the minimum payments due to the debts. Also, if you owe so little, DAS payments will all go to pay it so 40 months at £100 with no trustee fees would see you clearing all you owe, not the worst outcome perhaps?

That's correct; I don't think these circumstances would meet the acceptance criteria for any trust deed firm I know of (and especially also because the debts could be fully repaid via DAS in around the same time).

As an aside, if you are unsure, it may be best to go for the DAS to begin with, especially if you think your TD may not get protected. One of the good things about a DAS is you can apply for a TD in it, whilst protected. If your TD doesn't become protected, you DAS isn't revoked and continues as normal.

When was the last time any of the professionals had a TD not gain protected status?

Paul

Hi Paul

2008, I remember it well as the objecting creditor's debt was for £350k. So no real surprise.

The vast majority of creditors are dealt with by The Insolvency Exchange who act for 99% of banks, credit card companies etc and they advise us what they will accept beforehand. So its not as complicated as people make out.

Mark

I THINK CHRIS ALSO HAS TO THINK ABOUT THE POSSIBILITY OF HIS HOME BEING AT RISK IF HE IS A HOMEOWNER WITH EQUITY