DMP Creditor goes into Administration - Where does that leave me

Bluediamond

I have just found out that London Scottish who are one of our biggest Creditors on our DMP have gone into administration.

Does anyone know the implications of this ?..

Trying to get an answer from Payplan but wait on the line for ages and ages and ages...hence the post here !

Thanks in advance

MrsTinks

You will need to continue to pay as normal - the administrator will probably be taking over the day to day running in the short term and until decisions are made on whether to sell off the debts to 3rd paties etc or sell the company as a whole then assume they will be continuing to trade as normal

Lottebear

You may find that a new company, will take over the day to day running, continue to pay.