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Debt Arrangement Scheme (aka DPP) question
muppetscotland
Posts: 105 Forumite
Being resident in Scotland we could enter a DPP instead of a DMP which would give us legal protection against enforcement by creditors.
However as we are self employed I have had conflicting advice about how our income would be assessed. The reality is that our tax returns look like we are rich due to the lag in time - our income has plunged in last year and we are struggling to pay every day bills.
How is your income assessed? Also do they do an annual review? Our income goes up and down.
Also any experience of being in a DPP would be welcome. Thanks you.
However as we are self employed I have had conflicting advice about how our income would be assessed. The reality is that our tax returns look like we are rich due to the lag in time - our income has plunged in last year and we are struggling to pay every day bills.
How is your income assessed? Also do they do an annual review? Our income goes up and down.
Also any experience of being in a DPP would be welcome. Thanks you.
Travelling hopefully 🏃
0
Comments
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Hi,
You would be best advised to contact National debt line (Scotland).
There is a link from there website to the Scottish site.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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