DAS stopping wages arrestment??

[bla bla bla]

Hi

 

Does anyone have experience of an approved debt arrangement scheme and if/how this affects a current wage arrestment? Any advice on how this works in practice?

 

Thnx

[Crocdoc]

Once the DAS becomes approved this should stop the arrestment. The exception would be if the arrestment is conjoined. (EG two creditors sharing the deduction) I suggest you speak to your administrator.

 

I hope this information is of assistance.

[bla bla bla]

Thanks. I have an appointment soon but wanted a bit more information while I get my figures in order. So should I be including the arrestment money when calculating what I can afford? It's only one creditor (HFC Bank) would they then become part of the DAS and be paid pro rata like everyone else? Sorry for all the questions, just trying to get my head round how it works.

 

Thnx

[maroondevo52]

Hi,

 

There's some info here............

 

www.moneyscotland.gov.uk - DAS Homepage

 

Regards.

 

Scott.

[IdaInFife]

If you are working, the money you owe can be taken from your wages/salary directly from your employer by an earnings arrestment.

An ordinary arrestment is a 'once-only' freeze of property. But earnings arrestment doesn't freeze anything. Employers make regular payments until the sum due is paid.

There are three different types of earnings arrestment: earnings arrestment, continuous maintenance arrestment, and conjoined arrestment. They all follow the same basic system.

Approval of a DAS programme will cancel an earnings arrestment.

 

taken from scott's link

 

ida x

[maroondevo52]

 

taken from scott's link

 

 

Aye, see, now and again I find a good one

[IdaInFife]

 

you know it more than just now and again,

 

ida x

[Crocdoc]

First of all when compiling the finacial statement include the arrestment in other expenditure. The Money Advice Worker will pick up on this and deal with it as appropriate. Remember, that adjustments can be made at the initial interview to ensure that you have adequate money to live on. At that stage a calculation will be made to determine the length of the DAS.(Cannot normally Exceed 10 years although there have been exceptions) Once all the informatiom has been collated an application for approval will be made.

 

I am working on the assumption that your proposed administrator works in the charity sector. If this is the case then He/She will clarify the entire process in easily understood terms.

 

I am unable to speak for companies who administer on a commercial basis.

 

I hope this information is of assistance

[bla bla bla]

thanks, thats great. my advisor is making offers to the creditors at the moment although one of them has refused it and asked for more. he has told me to stick to whats on my plan cos thats what i can afford at the moment. so we'll see what happens..