Is a Debt Arrangement Scheme an Insolvency?
A DAS is not an insolvency.
Available only in Scotland, a DAS is a statutory Debt Management Plan. A DAS should be thought as a consolidation of debt that is then payable over an extended period of time. Ultimately you will pay off your debt and it will not be written off. All fees, interest and charges are frozen on your debt, giving you a fixed amount to pay off.