Regulation 24 Approval of agreed programmesI1
Scotland
Subject to paragraph (1A), the DAS Administrator must approve a debt payment programme for an individual where not less than 9/10 in value of the creditors have consented under regulation 23 to an application for approval.
The DAS Administrator must approve a debt payment programme for a legal person, trust or unincorporated body of persons where each creditor has consented under regulation 23 to an application for approval.
In the case of a debt payment programme for an individual, the debt payment programme may only be approved in accordance with the Common Financial Tool.
Approval under paragraph (1) F3or (1ZA) may be made subject to a condition under regulation 28.
Annotations
Textual amendments
- F1
Reg. 24(1)(1ZA) substituted for reg. 24(1) (4.11.2019) by The Debt Arrangement Scheme (Scotland) Amendment Regulations 2019 (S.S.I. 2019/315), regs. 1, 5(2) (with reg. 13)
- F2
Reg. 24(1A) inserted (1.4.2015) by The Debt Arrangement Scheme (Scotland) Amendment Regulations 2014 (S.S.I. 2014/294), regs. 1(3), 8(4)(b) (with reg. 23(1)-(3))
- F3
Words in reg. 24(2) inserted (4.11.2019) by The Debt Arrangement Scheme (Scotland) Amendment Regulations 2019 (S.S.I. 2019/315), regs. 1, 5(3) (with reg. 13)